Canvas Wealth Advisors LLC Sells 54 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Canvas Wealth Advisors LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TRV. Franklin Resources Inc. boosted its stake in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after acquiring an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after acquiring an additional 4,665 shares during the period. Czech National Bank lifted its stake in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter valued at $50,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Travelers Companies in the third quarter worth $1,219,000. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TRV. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their target price 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. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. 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, Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $260.47.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $245.13 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a market cap of $55.65 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The firm’s 50-day moving average is $244.82 and its 200 day moving average is $239.78.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $7.01 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.71%. Travelers Companies’s payout ratio is 19.56%.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.

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.