Howland Capital Management LLC Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Howland Capital Management LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,831 shares of the insurance provider’s stock after selling 467 shares during the period. Howland Capital Management LLC’s holdings in Travelers Companies were worth $441,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brookstone Capital Management boosted its position in shares of Travelers Companies by 8.9% in the 3rd quarter. Brookstone Capital Management now owns 1,438 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 117 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Travelers Companies by 288.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,582 shares of the insurance provider’s stock valued at $370,000 after buying an additional 1,175 shares during the last quarter. Fiduciary Financial Group LLC boosted its holdings in shares of Travelers Companies by 3.6% in the third quarter. Fiduciary Financial Group LLC now owns 1,441 shares of the insurance provider’s stock valued at $332,000 after acquiring an additional 50 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Travelers Companies by 5.0% during the third quarter. Valeo Financial Advisors LLC now owns 5,034 shares of the insurance provider’s stock worth $1,179,000 after acquiring an additional 241 shares during the last quarter. Finally, Retirement Planning Group LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRV. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $260.47.

Travelers Companies Trading Down 1.0 %

Shares of TRV stock opened at $245.13 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $244.82 and a 200-day simple moving average of $239.78. The stock has a market cap of $55.65 billion, a P/E ratio of 11.42, a P/E/G ratio of 1.08 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping 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 net margin of 10.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.01 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. 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%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Travelers Companies 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.