Marietta Wealth Management LLC lessened its position in Travelers Companies Inc (NYSE:TRV) by 32.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,771 shares of the insurance provider’s stock after selling 1,313 shares during the period. Marietta Wealth Management LLC’s holdings in Travelers Companies were worth $332,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. increased its position in Travelers Companies by 401.5% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 265 shares during the last quarter. First Command Bank increased its position in Travelers Companies by 108.5% during the fourth quarter. First Command Bank now owns 467 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 243 shares during the last quarter. First Command Financial Services Inc. increased its position in Travelers Companies by 108.5% during the fourth quarter. First Command Financial Services Inc. now owns 467 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 243 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in Travelers Companies during the fourth quarter worth approximately $65,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in Travelers Companies during the fourth quarter worth approximately $66,000. 80.87% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Compass Point assumed coverage on shares of Travelers Companies in a research report on Tuesday, January 15th. They set a “buy” rating and a $155.00 price target for the company. Wells Fargo & Co reaffirmed a “hold” rating and set a $142.00 price target on shares of Travelers Companies in a research report on Thursday, October 18th. Barclays raised shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $135.00 to $145.00 in a research report on Wednesday, January 9th. Zacks Investment Research reaffirmed a “sell” rating on shares of Travelers Companies in a research report on Monday, December 31st. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $141.00 price target on shares of Travelers Companies in a research report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $138.33.

TRV opened at $124.92 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $143.41. The company has a market cap of $33.32 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.15. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The company had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm earned $2.28 earnings per share. Travelers Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts predict that Travelers Companies Inc will post 11.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $3.08 annualized dividend and a yield of 2.47%. Travelers Companies’s dividend payout ratio is currently 34.45%.

In other news, Vice Chairman William H. Heyman sold 8,323 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $125.54, for a total value of $1,044,869.42. Following the completion of the transaction, the insider now directly owns 239,744 shares in the company, valued at $30,097,461.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andy F. Bessette sold 1,666 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total transaction of $210,199.22. Following the completion of the transaction, the executive vice president now owns 8,457 shares of the company’s stock, valued at $1,067,019.69. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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