Chilton Investment Co. Inc. Purchases Shares of 9,775 The Travelers Companies, Inc. $TRV

Chilton Investment Co. Inc. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,775 shares of the insurance provider’s stock, valued at approximately $2,729,000.

Several other large investors also recently modified their holdings of TRV. Barnes Dennig Private Wealth Management LLC lifted its position 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 valued at $27,000 after acquiring an additional 55 shares during the period. Osterweis Capital Management Inc. grew its holdings 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 worth $26,000 after purchasing an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies in the second quarter worth $27,000. Clayton Financial Group LLC bought a new stake in Travelers Companies in the third quarter valued at $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the second quarter valued at about $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Alan D. Schnitzer sold 55,733 shares of the 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 sale, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $301.18, for a total value of $3,011,800.00. Following the transaction, the executive vice president owned 33,638 shares in the company, valued at approximately $10,131,092.84. This trade represents a 22.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 92,845 shares of company stock valued at $27,239,631. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $302.54 on Friday. The stock has a market cap of $65.42 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 2.81 and a beta of 0.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $313.12. The firm’s 50-day simple moving average is $292.03 and its 200 day simple moving average is $284.35.

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

Travelers Companies declared that its board has authorized a stock repurchase program on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. upped their target price on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $304.33.

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.