Siemens Fonds Invest GmbH Increases Position in The Travelers Companies, Inc. $TRV

Siemens Fonds Invest GmbH lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,705 shares of the insurance provider’s stock after acquiring an additional 2,778 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Travelers Companies were worth $4,944,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC boosted its position 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 worth $27,000 after purchasing an additional 55 shares during the last quarter. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth $27,000. Clayton Financial Group LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Travelers Companies in the 2nd quarter worth about $30,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

NYSE TRV opened at $302.54 on Friday. The company has a market cap of $65.42 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $313.12. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $292.03 and its two-hundred day simple moving average is $284.26.

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

Travelers Companies Announces Dividend

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

Travelers Companies declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRV. Argus upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Barclays dropped their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Brean Capital assumed coverage on shares of Travelers Companies in a research report on Thursday. They set a “neutral” rating for the company. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Finally, Roth Mkm lifted their price target on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $304.33.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 55,733 shares of the business’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 sale, the chief executive officer owned 260,329 shares of the company’s stock, valued at $76,718,956.30. The trade was a 17.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the stock in a transaction on 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 owned 6,075 shares in the company, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,845 shares of company stock valued at $27,239,631 over the last 90 days. 1.46% of the stock is currently owned by corporate insiders.

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.