Lee Danner & Bass Inc. Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Lee Danner & Bass Inc. cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,433 shares of the insurance provider’s stock after selling 90 shares during the period. Lee Danner & Bass Inc.’s holdings in Travelers Companies were worth $4,199,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC boosted its stake in shares of Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. boosted its stake in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 44 shares during the period. Somerset Trust Co boosted its stake in shares of Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after purchasing an additional 45 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of Travelers Companies by 3.8% during the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 46 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRV has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Down 0.7 %

NYSE:TRV opened at $259.36 on Friday. The company has a market cap of $58.80 billion, a PE ratio of 12.08, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $247.81 and its two-hundred day moving average is $246.73.

Travelers Companies (NYSE:TRV) last released 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. The company 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%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.01 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 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.