The Travelers Companies, Inc. $TRV Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 24.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,871 shares of the insurance provider’s stock after acquiring an additional 6,954 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Travelers Companies were worth $9,737,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC grew its position in shares of 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 position in 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 during the last quarter. Delos Wealth Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at $27,000. Clayton Financial Group LLC purchased a new position in shares of Travelers Companies during the third quarter worth about $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the second quarter worth about $30,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TRV shares. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Roth Mkm raised their target price on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Keefe, Bruyette & Woods upped 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, February 19th. Finally, Mizuho decreased their price target on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $304.33.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the sale, the executive vice president directly owned 33,638 shares in the company, valued at approximately $10,131,092.84. The trade was a 22.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,400 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This represents a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,845 shares of company stock worth $27,239,631 in the last ninety days. 1.46% of the stock is owned by insiders.

Travelers Companies Trading Up 0.7%

Shares of Travelers Companies stock opened at $308.53 on Monday. The firm has a market cap of $66.72 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 2.88 and a beta of 0.49. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $309.81. The company’s 50-day simple moving average is $289.18 and its 200-day simple moving average is $282.00. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion for 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%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.15 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

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

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.