J. W. Coons Advisors LLC Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

J. W. Coons Advisors LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,750 shares of the insurance provider’s stock after selling 500 shares during the quarter. Travelers Companies makes up about 1.3% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its 16th biggest position. J. W. Coons Advisors LLC’s holdings in Travelers Companies were worth $4,998,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Colonial River Investments LLC purchased a new stake in Travelers Companies in the 4th quarter valued at $208,000. Y Intercept Hong Kong Ltd raised its position in Travelers Companies by 366.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 19,155 shares of the insurance provider’s stock valued at $4,614,000 after purchasing an additional 15,045 shares during the last quarter. Howard Capital Management Inc. raised its position in Travelers Companies by 5.0% in the 4th quarter. Howard Capital Management Inc. now owns 1,501 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 72 shares during the last quarter. Wealthspire Advisors LLC raised its position in Travelers Companies by 4.2% in the 4th quarter. Wealthspire Advisors LLC now owns 3,499 shares of the insurance provider’s stock valued at $843,000 after purchasing an additional 142 shares during the last quarter. Finally, Fisher Funds Management LTD purchased a new stake in Travelers Companies in the 4th quarter valued at $6,705,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $239.90 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $242.04 and a 200-day simple moving average of $241.97. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a market capitalization of $54.39 billion, a PE ratio of 11.17, a P/E/G ratio of 4.65 and a beta of 0.64.

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, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the firm posted $7.01 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analysts Set New Price Targets

Several research firms recently commented on TRV. Wells Fargo & Company upped their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $261.05.

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.