Maridea Wealth Management LLC Buys Shares of 5,199 The Travelers Companies, Inc. $TRV

Maridea Wealth Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,199 shares of the insurance provider’s stock, valued at approximately $1,379,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Osterweis Capital Management Inc. boosted its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter worth $27,000. Barnes Dennig Private Wealth Management LLC grew 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 last quarter. Quaker Wealth Management LLC increased its position in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares in the last quarter. Finally, Clayton Financial Group LLC acquired a new position in shares of Travelers Companies during the third quarter valued at about $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $35,366,997. This represents a 8.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 33,638 shares in the company, valued at $10,131,092.84. This trade represents a 22.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,765 shares of company stock valued at $29,877,543 over the last quarter. Insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Wells Fargo & Company reduced their target price on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Mizuho dropped their price target on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Finally, Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 9th. Two equities 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 stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $303.00.

Travelers Companies Trading Up 1.6%

Shares of NYSE:TRV opened at $298.84 on Wednesday. The company has a current ratio of 0.33, a quick 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 $304.40. The business has a 50 day moving average of $286.61 and a two-hundred day moving average of $279.82. The company has a market capitalization of $66.66 billion, a PE ratio of 10.86, a PEG ratio of 2.74 and a beta of 0.51.

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, beating 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 analyst estimates of $11.13 billion. During the same period in the previous year, the firm earned $9.15 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies announced that its Board of Directors 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 reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is 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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

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.