The Travelers Companies, Inc. $TRV Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 41.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,633 shares of the insurance provider’s stock after purchasing an additional 3,980 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Travelers Companies were worth $3,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. grew its holdings in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the second quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Clayton Financial Group LLC acquired a new position in Travelers Companies during the third quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Travelers Companies during the second quarter worth approximately $30,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.1%

Shares of TRV opened at $310.83 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $313.12. The stock’s 50-day moving average is $289.94 and its two-hundred day moving average is $282.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $67.21 billion, a PE ratio of 11.29, a P/E/G ratio of 2.90 and a beta of 0.49.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $9.15 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies announced that its board has initiated a stock repurchase program on Wednesday, January 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is 15.98%.

Insider Activity

In other Travelers Companies news, CEO Alan D. Schnitzer sold 55,733 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at $76,718,956.30. This represents a 17.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 16,712 shares of Travelers Companies stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,699,602.75. The trade was a 73.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,845 shares of company stock valued at $27,239,631 in the last 90 days. Company insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRV. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. The Goldman Sachs Group cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a report on Wednesday, January 7th. Argus upgraded Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Morgan Stanley raised their price objective on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Finally, Roth Mkm boosted their target price on Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $304.33.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.