Garland Capital Management Inc. Sells 1,880 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Garland Capital Management Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,835 shares of the insurance provider’s stock after selling 1,880 shares during the quarter. Travelers Companies accounts for approximately 4.9% of Garland Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Garland Capital Management Inc.’s holdings in Travelers Companies were worth $5,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the fourth quarter worth $37,000. True Wealth Design LLC purchased a new position in Travelers Companies during the third quarter valued at $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $44,000. Finally, Providence First Trust Co acquired a new position in shares of Travelers Companies during the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets lifted their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Down 1.1 %

NYSE:TRV opened at $256.70 on Friday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $248.29 and its two-hundred day moving average is $246.93. The stock has a market capitalization of $58.20 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $7.01 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.