The Travelers Companies, Inc. $TRV Holdings Lowered by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 67.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,487 shares of the insurance provider’s stock after selling 7,257 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Travelers Companies were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Varma Mutual Pension Insurance Co raised its position in shares of Travelers Companies by 21.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock valued at $13,472,000 after purchasing an additional 8,600 shares during the period. Liberty One Investment Management LLC boosted its holdings in shares of Travelers Companies by 32.3% during the 3rd quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock worth $7,323,000 after buying an additional 6,408 shares during the period. National Pension Service grew its stake in Travelers Companies by 1.8% in the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after buying an additional 13,120 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new position in Travelers Companies in the 3rd quarter valued at $7,955,000. Finally, CWM LLC raised its holdings in Travelers Companies by 11.3% in the 3rd quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock worth $37,735,000 after acquiring an additional 13,758 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 55,733 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 92,845 shares of company stock worth $27,239,631. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TRV. Roth Mkm upped 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. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Evercore lifted their price target on Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Cantor Fitzgerald increased their price objective on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $304.33.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $296.55 on Friday. The firm has a market capitalization of $64.13 billion, a PE ratio of 10.77, a PEG ratio of 2.78 and a beta of 0.49. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. 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 moving average is $293.36 and its 200-day moving average is $285.10.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.Travelers Companies’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $9.15 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

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

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is currently 15.98%.

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.