Seamount Financial Group Inc. Sells 185 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Seamount Financial Group Inc. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,969 shares of the insurance provider’s stock after selling 185 shares during the quarter. Seamount Financial Group Inc.’s holdings in Travelers Companies were worth $474,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TRV. Lecap Asset Management Ltd. bought a new position in Travelers Companies during the fourth quarter worth about $2,864,000. Keystone Financial Group Inc. bought a new position in Travelers Companies during the 4th quarter worth approximately $275,000. Measured Wealth Private Client Group LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $343,000. GHP Investment Advisors Inc. increased its stake in Travelers Companies by 0.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 50,738 shares of the insurance provider’s stock valued at $12,222,000 after purchasing an additional 344 shares in the last quarter. Finally, Financial Advocates Investment Management raised its holdings in Travelers Companies by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 1,033 shares of the insurance provider’s stock worth $249,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $260.47.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $245.13 on Friday. The stock has a market capitalization of $55.65 billion, a PE ratio of 11.42, a P/E/G ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The firm has a fifty day simple moving average of $245.24 and a 200 day simple moving average of $239.28. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm earned $7.01 EPS. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

About Travelers Companies

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.