Indivisible Partners Makes New $532,000 Investment in The Travelers Companies, Inc. $TRV

Indivisible Partners purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,833 shares of the insurance provider’s stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. AustralianSuper Pty Ltd acquired a new stake in Travelers Companies during the 3rd quarter worth about $125,597,000. Rakuten Investment Management Inc. acquired a new stake in Travelers Companies during the 3rd quarter worth about $112,051,000. Nordea Investment Management AB lifted its position in 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 worth $105,537,000 after acquiring an additional 357,687 shares during the period. Woodline Partners LP acquired a new stake in Travelers Companies during the 3rd quarter worth about $99,680,000. Finally, AQR Capital Management LLC lifted its position in 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 worth $496,872,000 after acquiring an additional 331,170 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $299.06 on Friday. The stock has a market cap of $63.60 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 2.72 and a beta of 0.50. The business has a 50-day simple moving average of $300.48 and a 200-day simple moving average of $290.49. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 EPS. On average, equities analysts expect that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.7%. Travelers Companies’s dividend payout ratio is 13.09%.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRV shares. Argus raised Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Cantor Fitzgerald boosted 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. BMO Capital Markets boosted their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Wells Fargo & Company boosted their price objective on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, Bank of America decreased their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $309.13.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This trade represents a 12.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,573 shares of company stock valued at $8,427,646 in the last 90 days. Corporate insiders own 1.39% 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.