Savant Capital LLC Trims Stock Position in The Travelers Companies, Inc. $TRV

Savant Capital LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,828 shares of the insurance provider’s stock after selling 3,537 shares during the quarter. Savant Capital LLC’s holdings in Travelers Companies were worth $7,770,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Barnes Dennig Private Wealth Management LLC grew its position in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. Delos Wealth Advisors LLC purchased 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 shares of Travelers Companies during the third quarter worth about $28,000. Finally, Quaker Wealth Management LLC raised its holdings in Travelers Companies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of analyst reports. The Goldman Sachs Group lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective on the stock. in a report on Wednesday, January 7th. Weiss Ratings lowered Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 26th. Piper Sandler increased their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Mizuho decreased their target price on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company lowered their price target on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $303.00.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total transaction of $522,058.65. Following the completion of the transaction, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maria Olivo sold 8,920 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president owned 117,596 shares in the company, valued at $34,776,665.08. This represents a 7.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 85,168 shares of company stock valued at $24,835,002 over the last three months. Company insiders own 1.46% of the company’s stock.

Travelers Companies Stock Up 1.7%

Travelers Companies stock opened at $300.18 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $302.38. The firm has a market capitalization of $66.96 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.74 and a beta of 0.51. The stock’s fifty day moving average is $284.69 and its two-hundred day moving average is $277.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping the consensus estimate of $8.34 by $2.79. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.15 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Travelers Companies announced that its Board of Directors has approved 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 purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

About Travelers Companies

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.