Inceptionr LLC Buys 4,454 Shares of The Travelers Companies, Inc. $TRV

Inceptionr LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 189.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,805 shares of the insurance provider’s stock after purchasing an additional 4,454 shares during the quarter. Travelers Companies comprises about 0.5% of Inceptionr LLC’s holdings, making the stock its 14th biggest position. Inceptionr LLC’s holdings in Travelers Companies were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Osterweis Capital Management Inc. grew its stake in shares of 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 bought a new stake in Travelers Companies in the 2nd quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC raised its stake in Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Clayton Financial Group LLC acquired a new position in Travelers Companies during the 3rd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Travelers Companies in the second quarter worth approximately $30,000. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Zacks Research downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Wells Fargo & Company cut their target price on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, January 7th. Evercore boosted their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Finally, Citigroup restated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $304.33.

Travelers Companies Stock Down 0.1%

Shares of NYSE:TRV opened at $306.43 on Monday. The stock has a market cap of $66.26 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 2.86 and a beta of 0.49. 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 Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $313.12. The business’s 50 day moving average is $290.84 and its 200 day moving average is $283.44.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 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%.Travelers Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.15 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 15.98%.

Travelers Companies declared that its board has authorized a stock buyback 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 buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction that occurred 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 transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This trade represents a 8.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was 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 owned 260,329 shares in the company, valued at $76,718,956.30. The trade was a 17.63% 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 in the last three months. 1.46% of the stock is owned by company 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.