The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Crestwood Advisors Group LLC


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Crestwood Advisors Group LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,972 shares of the insurance provider’s stock after selling 1,923 shares during the quarter. Crestwood Advisors Group LLC owned approximately 0.06% of The Travelers Companies worth $20,490,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC purchased a new stake in The Travelers Companies during the fourth quarter worth $214,000. Blair William & Co. IL grew its position in shares of The Travelers Companies by 13.5% during the 4th quarter. Blair William & Co. IL now owns 54,607 shares of the insurance provider’s stock valued at $7,665,000 after acquiring an additional 6,514 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of The Travelers Companies in the 4th quarter valued at about $221,000. CI Investments Inc. raised its holdings in The Travelers Companies by 91.2% in the 4th quarter. CI Investments Inc. now owns 10,290 shares of the insurance provider’s stock worth $1,444,000 after purchasing an additional 4,908 shares during the period. Finally, Equitable Holdings Inc. purchased a new position in The Travelers Companies during the fourth quarter worth approximately $233,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

In other news, CEO Alan D. Schnitzer sold 53,246 shares of the business’s stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $146.10, for a total transaction of $7,779,240.60. Following the completion of the transaction, the chief executive officer now directly owns 211,637 shares of the company’s stock, valued at $30,920,165.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $146.25, for a total transaction of $585,000.00. Following the sale, the insider now owns 243,746 shares in the company, valued at $35,647,852.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,476 shares of company stock worth $11,761,628. Insiders own 0.80% of the company’s stock.

A number of research firms recently issued reports on TRV. Argus lifted their price target on shares of The Travelers Companies from $138.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, January 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of The Travelers Companies from $130.00 to $155.00 and gave the stock a “hold” rating in a research report on Monday, January 25th. Barclays boosted their price objective on The Travelers Companies from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 22nd. JPMorgan Chase & Co. raised their target price on The Travelers Companies from $129.00 to $136.00 and gave the company an “underweight” rating in a research report on Monday, January 4th. Finally, Zacks Investment Research raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Monday, January 25th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $136.44.

TRV traded up $1.63 during mid-day trading on Tuesday, hitting $149.50. 14,727 shares of the stock were exchanged, compared to its average volume of 1,369,656. The firm’s fifty day moving average is $142.79 and its two-hundred day moving average is $128.25. The Travelers Companies, Inc. has a 1-year low of $76.99 and a 1-year high of $152.29. The company has a market cap of $37.71 billion, a PE ratio of 16.90, a PEG ratio of 2.06 and a beta of 0.77. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.25.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 20th. The insurance provider reported $4.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.18 by $1.73. The business had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.08 billion. The Travelers Companies had a net margin of 7.13% and a return on equity of 8.63%. During the same quarter in the prior year, the company earned $3.32 earnings per share. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 8.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 10th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, March 9th. The Travelers Companies’s dividend payout ratio is currently 35.42%.

The 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.

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

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