Krilogy Financial LLC Buys New Position in The Travelers Companies, Inc. $TRV

Krilogy Financial LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, HoldingsChannel reports. The firm purchased 3,225 shares of the insurance provider’s stock, valued at approximately $892,000.

Several other hedge funds also recently modified their holdings of TRV. Vanguard Group Inc. grew its stake in shares of Travelers Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after acquiring an additional 313,449 shares during the last quarter. JPMorgan Chase & Co. grew its position in Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares during the last quarter. Geode Capital Management LLC grew its position in Travelers Companies by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after purchasing an additional 54,363 shares during the last quarter. Norges Bank bought a new position in shares of Travelers Companies during the 2nd quarter worth about $815,013,000. Finally, Invesco Ltd. raised its position in shares of Travelers Companies by 14.4% during the second quarter. Invesco Ltd. now owns 1,547,778 shares of the insurance provider’s stock valued at $414,093,000 after buying an additional 194,698 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at approximately $35,366,997. The trade was a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer directly owned 260,329 shares in the company, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 101,765 shares of company stock worth $29,877,543. 1.46% of the stock is currently owned by insiders.

Travelers Companies Stock Down 1.2%

Shares of NYSE TRV opened at $293.75 on Friday. The stock has a market cap of $65.52 billion, a PE ratio of 10.67, a PEG ratio of 2.77 and a beta of 0.51. The business has a fifty day moving average of $285.93 and a two-hundred day moving average of $279.02. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $304.40. 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 posted its 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 net margin of 12.88% and a return on equity of 20.70%. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. During the same quarter in the prior year, the firm earned $9.15 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies declared that its Board of Directors has initiated a stock buyback 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 reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 15.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TRV shares. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Wells Fargo & Company lowered their price objective on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Argus upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $303.00.

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.