Woodmont Investment Counsel LLC Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Woodmont Investment Counsel LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,396 shares of the insurance provider’s stock after selling 125 shares during the period. Woodmont Investment Counsel LLC’s holdings in Travelers Companies were worth $336,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. YANKCOM Partnership bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies in the 4th quarter worth $37,000. True Wealth Design LLC bought a new stake in Travelers Companies in the 3rd quarter worth $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the fourth quarter valued at about $44,000. Finally, Providence First Trust Co bought a new position in shares of Travelers Companies during the fourth quarter valued at about $48,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research report on Monday. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Price Performance

TRV opened at $259.70 on Tuesday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The stock has a 50-day moving average price of $248.83 and a 200-day moving average price of $247.37. The firm has a market cap of $58.88 billion, a PE ratio of 12.10, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.01 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm 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 $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.