Vest Financial LLC Has $51.33 Million Position in The Travelers Companies, Inc. $TRV

Vest Financial LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,961 shares of the insurance provider’s stock after purchasing an additional 8,373 shares during the period. Vest Financial LLC’s holdings in Travelers Companies were worth $51,329,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TRV. AustralianSuper Pty Ltd bought a new position in shares of Travelers Companies during the 3rd quarter valued at about $125,597,000. Rakuten Investment Management Inc. bought a new position in shares of Travelers Companies during the 3rd quarter valued at about $112,051,000. Nordea Investment Management AB lifted its holdings in shares of Travelers Companies by 1,641.3% during the 3rd quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock valued at $105,537,000 after purchasing an additional 357,687 shares in the last quarter. Woodline Partners LP bought a new position in shares of Travelers Companies during the 3rd quarter valued at about $99,680,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after purchasing an additional 331,170 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 $303.90 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s fifty day moving average price is $300.34 and its two-hundred day moving average price is $289.01. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $313.12. The firm has a market cap of $64.62 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 2.75 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period in the prior year, the firm posted $1.91 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 27.83 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is presently 13.09%.

Travelers Companies announced that its board has initiated a stock buyback program on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald lifted their price objective on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Brean Capital initiated coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Mizuho dropped their price objective 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. Argus upgraded Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $309.13.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.77, for a total value of $3,037,700.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,707,621.25. The trade was a 18.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,414 shares of company stock valued at $28,428,461 over the last 90 days. 1.39% of the stock is owned by company insiders.

Travelers Companies 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.