Garland Capital Management Inc. Has $6.26 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Garland Capital Management Inc. cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,715 shares of the insurance provider’s stock after selling 3,300 shares during the quarter. Travelers Companies accounts for approximately 4.8% of Garland Capital Management Inc.’s holdings, making the stock its 4th biggest holding. Garland Capital Management Inc.’s holdings in Travelers Companies were worth $6,255,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Crestwood Advisors Group LLC raised its stake in shares of Travelers Companies by 14.9% during the third quarter. Crestwood Advisors Group LLC now owns 1,385 shares of the insurance provider’s stock valued at $324,000 after acquiring an additional 180 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in Travelers Companies by 0.7% in the third quarter. Pittenger & Anderson Inc. now owns 77,143 shares of the insurance provider’s stock worth $18,061,000 after buying an additional 520 shares during the last quarter. Clarity Financial LLC purchased a new position in Travelers Companies in the 3rd quarter worth approximately $455,000. United Advisor Group LLC bought a new position in shares of Travelers Companies during the third quarter valued at $313,000. Finally, Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the 3rd quarter valued at about $50,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRV. Wells Fargo & Company increased their price target on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $252.00 to $230.00 in a research report on Monday, July 15th. The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Finally, Roth Mkm raised their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $247.90.

Travelers Companies Stock Performance

Shares of TRV traded up $1.36 during midday trading on Tuesday, reaching $244.17. 91,366 shares of the stock were exchanged, compared to its average volume of 1,304,314. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $55.43 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.18 and a beta of 0.62. The business’s 50-day moving average price is $239.59 and its 200 day moving average price is $221.83. The Travelers Companies, Inc. has a twelve month low of $167.08 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

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.