Crossmark Global Holdings Inc. Has $3.69 Million Holdings in Travelers Companies Inc (TRV)
Crossmark Global Holdings Inc. cut its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,476 shares of the insurance provider’s stock after selling 1,679 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Travelers Companies were worth $3,694,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Carnick & Kubik Group LLC lifted its position in Travelers Companies by 7.4% during the 3rd quarter. Carnick & Kubik Group LLC now owns 8,942 shares of the insurance provider’s stock worth $1,160,000 after buying an additional 617 shares in the last quarter. Hartford Financial Management Inc. bought a new stake in Travelers Companies during the 2nd quarter worth about $205,000. Nuance Investments LLC lifted its position in Travelers Companies by 16.2% during the 2nd quarter. Nuance Investments LLC now owns 630,719 shares of the insurance provider’s stock worth $77,162,000 after buying an additional 88,049 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Travelers Companies during the 2nd quarter worth about $464,000. Finally, Sky Investment Group LLC bought a new stake in Travelers Companies during the 2nd quarter worth about $1,026,000. 78.50% of the stock is currently owned by hedge funds and other institutional investors.
TRV has been the topic of several analyst reports. Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Citigroup cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $149.00 to $134.00 in a research report on Friday, October 19th. Wells Fargo & Co cut their price target on shares of Travelers Companies from $142.00 to $136.00 and set a “market perform” rating on the stock in a research report on Friday, October 19th. B. Riley boosted their price target on shares of Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Finally, Credit Suisse Group initiated coverage on shares of Travelers Companies in a research report on Tuesday, August 7th. They set a “neutral” rating and a $141.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $136.36.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. The company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. Travelers Companies’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. As a group, equities analysts forecast that Travelers Companies Inc will post 9.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be issued a $0.77 dividend. The ex-dividend date is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.41%. Travelers Companies’s payout ratio is 42.31%.
In other news, EVP Andy F. Bessette sold 1,666 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total value of $210,199.22. Following the sale, the executive vice president now directly owns 8,457 shares of the company’s stock, valued at approximately $1,067,019.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.
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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.
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