Martingale Asset Management L P Has $25.82 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Martingale Asset Management L P grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,455 shares of the insurance provider’s stock after purchasing an additional 6,283 shares during the period. Martingale Asset Management L P’s holdings in Travelers Companies were worth $25,815,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Avalon Trust Co raised its holdings in shares of Travelers Companies by 23.4% during the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after acquiring an additional 1,429 shares during the period. Varma Mutual Pension Insurance Co boosted its stake in Travelers Companies by 21.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock worth $13,472,000 after purchasing an additional 8,600 shares during the period. Liberty One Investment Management LLC boosted its stake in Travelers Companies by 32.3% in the 3rd quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock worth $7,323,000 after purchasing an additional 6,408 shares during the period. National Pension Service grew its position in Travelers Companies by 1.8% during the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock worth $208,545,000 after purchasing an additional 13,120 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new position in Travelers Companies during the 3rd quarter worth approximately $7,955,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $302.19 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $65.35 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 2.79 and a beta of 0.49. The stock has a 50-day moving average of $291.68 and a 200-day moving average of $284.05. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $313.12.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRV. Cantor Fitzgerald increased their target price on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Zacks Research downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Morgan Stanley upped their price target on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Finally, Barclays decreased their price objective on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $304.33.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 55,733 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the completion of the sale, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,845 shares of company stock valued at $27,239,631 over the last three months. Corporate insiders own 1.46% of the company’s stock.

About Travelers Companies

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.