Siemens Fonds Invest GmbH Acquires 2,778 Shares of The Travelers Companies, Inc. $TRV

Siemens Fonds Invest GmbH increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,705 shares of the insurance provider’s stock after purchasing an additional 2,778 shares during the period. Siemens Fonds Invest GmbH’s holdings in Travelers Companies were worth $4,944,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Osterweis Capital Management Inc. increased its stake in shares of Travelers Companies by 1,820.0% in the 2nd 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 in the last quarter. Delos Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the 2nd quarter valued at $27,000. Clayton Financial Group LLC acquired a new position in shares of Travelers Companies during the 3rd quarter valued at $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Travelers Companies during the second quarter worth $30,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.2%

Shares of NYSE TRV opened at $302.54 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The company has a 50-day moving average price of $292.03 and a 200-day moving average price of $284.26. The stock has a market capitalization of $65.42 billion, a P/E ratio of 10.99, a P/E/G ratio of 2.81 and a beta of 0.49. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $313.12.

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 analysts’ consensus estimates of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The company 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 business posted $9.15 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Evercore raised their target price on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Mizuho dropped their price target on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their price target on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $304.33.

Insider Buying and Selling

In related news, CEO Alan D. Schnitzer sold 55,733 shares of Travelers Companies stock in a transaction that occurred on 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 $76,718,956.30. The trade was a 17.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the stock in a transaction on Friday, January 23rd. The shares were 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 directly owned 6,075 shares of the company’s stock, valued at $1,699,602.75. The trade was a 73.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,845 shares of company stock worth $27,239,631 over the last three months. Company insiders own 1.46% of the company’s stock.

About Travelers Companies

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.