Picton Mahoney Asset Management Makes New $836,000 Investment in The Travelers Companies, Inc. $TRV

Picton Mahoney Asset Management bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,992 shares of the insurance provider’s stock, valued at approximately $836,000.

Several other hedge funds and other institutional investors have also modified their holdings of TRV. Level Four Advisory Services LLC raised its stake in shares of Travelers Companies by 1.6% in the 3rd quarter. Level Four Advisory Services LLC now owns 3,044 shares of the insurance provider’s stock valued at $850,000 after acquiring an additional 48 shares during the period. Focus Partners Advisor Solutions LLC grew its stake in Travelers Companies by 41.2% in the third quarter. Focus Partners Advisor Solutions LLC now owns 13,633 shares of the insurance provider’s stock worth $3,833,000 after purchasing an additional 3,980 shares in the last quarter. Becker Capital Management Inc. bought a new stake in Travelers Companies during the third quarter valued at $227,000. Kingsview Wealth Management LLC raised its stake in Travelers Companies by 2.2% during the third quarter. Kingsview Wealth Management LLC now owns 14,129 shares of the insurance provider’s stock worth $3,945,000 after acquiring an additional 299 shares during the period. Finally, 111 Capital bought a new position in Travelers Companies during the 3rd quarter worth $331,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE:TRV opened at $306.43 on Friday. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $313.12. The company has a market capitalization of $66.26 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 2.86 and a beta of 0.49. The company has a 50-day moving average of $290.84 and a 200-day moving average of $283.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted 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 business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. During the same quarter last year, the company earned $9.15 EPS. Travelers Companies’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid 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 payout ratio is currently 15.98%.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on TRV shares. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. Roth Mkm raised their price objective on Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $304.33.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $301.18, for a total value of $3,011,800.00. Following the completion of the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $10,131,092.84. This represents a 22.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 92,845 shares of company stock worth $27,239,631. Insiders own 1.46% of the company’s stock.

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.