The Travelers Companies, Inc. $TRV Shares Bought by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,347 shares of the insurance provider’s stock after acquiring an additional 3,410 shares during the quarter. Travelers Companies comprises approximately 1.4% of Te Ahumairangi Investment Management Ltd’s portfolio, making the stock its 18th biggest holding. Te Ahumairangi Investment Management Ltd’s holdings in Travelers Companies were worth $8,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TRV. Osterweis Capital Management Inc. increased its position in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the 2nd quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Clayton Financial Group LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth about $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter worth about $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRV. Wells Fargo & Company cut their price objective on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Cantor Fitzgerald raised their target price on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Brean Capital assumed coverage on Travelers Companies in a report on Thursday. They issued a “neutral” rating for the company. Mizuho reduced 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, Barclays decreased their price objective on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. Two equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $304.33.

Travelers Companies Trading Up 0.8%

Shares of TRV traded up $2.34 during mid-day trading on Friday, hitting $304.35. The company had a trading volume of 174,797 shares, compared to its average volume of 1,666,467. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $313.12. The business’s 50-day simple moving average is $291.68 and its 200-day simple moving average is $284.05. The stock has a market cap of $65.81 billion, a PE ratio of 11.05, a P/E/G ratio of 2.79 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.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 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 analyst estimates of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. Travelers Companies’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.15 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued 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 is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies declared that its board has approved a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the completion of the sale, the executive vice president directly owned 33,638 shares in the company, valued at $10,131,092.84. This represents a 22.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 92,845 shares of company stock valued at $27,239,631. Corporate insiders own 1.46% of the company’s stock.

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.