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

Canvas Wealth Advisors LLC cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,071 shares of the insurance provider’s stock after selling 54 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Travelers Companies were worth $258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the fourth quarter valued at $27,000. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies during the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc lifted its holdings in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Tuesday, December 10th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm raised their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $260.47.

Insider Transactions at Travelers Companies

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

Travelers Companies Stock Performance

NYSE TRV 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 firm has a market capitalization of $55.65 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The stock’s fifty day moving average is $244.82 and its two-hundred day moving average is $239.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 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 1.71%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 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.