Kovitz Investment Group Partners LLC Has $37.79 Million Stake in The Travelers Companies, Inc. $TRV

Kovitz Investment Group Partners LLC lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 192.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 135,330 shares of the insurance provider’s stock after buying an additional 89,108 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Travelers Companies were worth $37,787,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Associated Banc Corp raised its holdings in shares of Travelers Companies by 1.4% during the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 39 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Travelers Companies by 1.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock worth $1,143,000 after purchasing an additional 40 shares in the last quarter. Nilsine Partners LLC increased its position in Travelers Companies by 0.4% during the third quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock worth $2,719,000 after buying an additional 41 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 0.8% during the second quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock valued at $1,367,000 after buying an additional 41 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its position in shares of Travelers Companies by 3.0% in the third quarter. Howard Capital Management Inc. now owns 1,465 shares of the insurance provider’s stock worth $409,000 after buying an additional 42 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 55,733 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the transaction, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,765 shares of company stock valued at $29,877,543 in the last 90 days. Insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $304.80 on Monday. The firm has a market capitalization of $65.91 billion, a PE ratio of 11.07, a PEG ratio of 2.84 and a beta of 0.51. 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 $304.94. The business’s 50 day moving average is $287.74 and its 200-day moving average is $280.58.

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

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 dividend yield of 1.4%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s payout ratio is 15.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Argus raised Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Finally, Evercore boosted their target price on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $304.33.

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.