Alps Advisors Inc. Acquires Shares of 16,335 The Travelers Companies, Inc. $TRV

Alps Advisors Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, Holdings Channel reports. The institutional investor bought 16,335 shares of the insurance provider’s stock, valued at approximately $4,561,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Osterweis Capital Management Inc. lifted its position in shares of 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. Barnes Dennig Private Wealth Management LLC boosted 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 purchasing an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at about $27,000. Clayton Financial Group LLC acquired a new position in Travelers Companies during the third quarter worth about $28,000. Finally, Quaker Wealth Management LLC raised its holdings in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 208 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRV. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, January 7th. Piper Sandler increased their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $317.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Weiss Ratings downgraded Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $303.00.

Travelers Companies Stock Performance

Shares of TRV stock opened at $292.78 on Tuesday. The stock’s 50-day moving average is $284.87 and its two-hundred day moving average is $278.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $304.40. The firm has a market cap of $65.31 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.81 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The firm had revenue of $12.43 billion for 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 firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $9.15 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 15.98%.

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

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 55,733 shares of the 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 completion of the sale, the chief executive officer owned 260,329 shares in the company, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at $73,860,151.30. This trade represents a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 105,568 shares of company stock valued at $30,974,602. 1.46% of the stock is owned by insiders.

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.