Rhumbline Advisers Sells 6,359 Shares of The Travelers Companies, Inc. $TRV

Rhumbline Advisers decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 437,797 shares of the insurance provider’s stock after selling 6,359 shares during the period. Rhumbline Advisers owned about 0.20% of Travelers Companies worth $122,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the 4th quarter worth $276,000. Concurrent Investment Advisors LLC boosted its holdings in Travelers Companies by 11.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,927 shares of the insurance provider’s stock worth $1,586,000 after buying an additional 622 shares during the period. MGO One Seven LLC raised its holdings in Travelers Companies by 1.9% during the second quarter. MGO One Seven LLC now owns 7,292 shares of the insurance provider’s stock valued at $1,951,000 after acquiring an additional 139 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Travelers Companies by 11.2% during the second quarter. Sequoia Financial Advisors LLC now owns 13,546 shares of the insurance provider’s stock valued at $3,624,000 after acquiring an additional 1,369 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

TRV stock opened at $298.98 on Thursday. The stock has a market cap of $66.69 billion, a PE ratio of 10.86, a P/E/G ratio of 2.79 and a beta of 0.51. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $304.40. The company has a 50-day moving average price of $285.37 and a 200 day moving average price of $278.62. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share 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 for the quarter, compared to the consensus estimate of $11.13 billion. During the same period in the prior year, the business posted $9.15 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. 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 company 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 is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is currently 15.98%.

Travelers Companies announced that its board 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 purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Cantor Fitzgerald boosted their price target on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 7th. Roth Mkm raised their target price on shares of Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Piper Sandler boosted their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $317.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $303.00.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This trade represents a 73.34% 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 firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the completion of the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. This represents a 22.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,765 shares of company stock valued at $29,877,543 in the last ninety days. 1.46% 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.