United Capital Management of KS Inc. Makes New Investment in The Travelers Companies, Inc. $TRV

United Capital Management of KS Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,029 shares of the insurance provider’s stock, valued at approximately $567,000.

A number of other hedge funds have also modified their holdings of TRV. Associated Banc Corp increased its position in Travelers Companies by 1.4% in the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after acquiring an additional 39 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Travelers Companies by 1.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock worth $1,143,000 after buying an additional 40 shares during the last quarter. Ibex Wealth Advisors boosted its holdings in shares of Travelers Companies by 1.4% in the third quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock valued at $807,000 after acquiring an additional 40 shares in the last quarter. Nilsine Partners LLC raised its holdings in Travelers Companies by 0.4% during the third quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock worth $2,719,000 after purchasing an additional 41 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Travelers Companies by 0.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock valued at $1,367,000 after purchasing an additional 41 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRV. Barclays cut their target price on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Mizuho reduced their target price on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. The Goldman Sachs Group lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a research report on Wednesday, January 7th. Finally, Roth Mkm increased their price target on shares of Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $304.33.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 55,733 shares of the firm’s stock in a transaction dated 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 directly owned 260,329 shares of the company’s stock, valued at $76,718,956.30. This trade represents a 17.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the completion of the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. This represents a 22.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 92,845 shares of company stock worth $27,239,631. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $306.46 on Friday. The firm has a market capitalization of $66.27 billion, a PE ratio of 11.13, a P/E/G ratio of 2.91 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 firm’s 50-day simple moving average is $290.55 and its 200 day simple moving average is $282.98. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.15 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed 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. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is currently 15.98%.

Travelers Companies declared that its board has approved a share buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.