The Travelers Companies, Inc. $TRV Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 43.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,065 shares of the insurance provider’s stock after selling 4,755 shares during the quarter. Securian Asset Management Inc.’s holdings in Travelers Companies were worth $1,759,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. Brighton Jones LLC increased its position in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies during the 4th quarter worth approximately $276,000. WINTON GROUP Ltd acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $382,000. CIBC Asset Management Inc increased its position in Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRV. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday. BMO Capital Markets upped their price target on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $309.13.

Travelers Companies Stock Down 0.3%

Shares of NYSE:TRV opened at $297.07 on Tuesday. 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. The company has a 50 day moving average of $300.16 and a two-hundred day moving average of $290.92. The company has a market capitalization of $63.17 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50.

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. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter last year, the company earned $1.91 earnings per share. Travelers Companies’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts forecast that The Travelers Companies, Inc. will post 28.03 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

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

Travelers Companies declared that its board has approved a stock buyback plan on Wednesday, January 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Travelers Companies

In other news, EVP Diane Kurtzman sold 2,867 shares of the 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 completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,573 shares of company stock worth $8,427,646. 1.39% of the stock is currently owned by 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.