Wealth Enhancement Advisory Services LLC Buys 24,495 Shares of The Travelers Companies, Inc. $TRV

Wealth Enhancement Advisory Services LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 12.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 219,988 shares of the insurance provider’s stock after buying an additional 24,495 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Travelers Companies were worth $62,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at $276,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Travelers Companies by 18.7% during the second quarter. TD Waterhouse Canada Inc. now owns 925 shares of the insurance provider’s stock valued at $255,000 after acquiring an additional 146 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Travelers Companies by 106.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,090 shares of the insurance provider’s stock valued at $827,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of Travelers Companies by 24.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 72,355 shares of the insurance provider’s stock valued at $19,358,000 after purchasing an additional 14,349 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $296.63 on Monday. The business has a fifty day moving average of $293.65 and a 200-day moving average of $285.42. 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 Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $313.12. The firm has a market cap of $64.14 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.76 and a beta of 0.49.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) 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 business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.13 billion. During the same quarter in the prior year, the company earned $9.15 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies declared that its board has initiated a stock repurchase plan on Wednesday, January 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TRV shares. Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. 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 report on Wednesday, January 7th. Mizuho decreased their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $304.33.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction on Friday, February 6th. The stock was 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 approximately $35,366,997. This represents a 8.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $301.18, for a total value of $3,011,800.00. Following the completion of the transaction, the executive vice president owned 33,638 shares in the company, valued at $10,131,092.84. The trade was a 22.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,845 shares of company stock valued at $27,239,631 over the last three months. 1.46% of the stock is owned by company insiders.

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.