LRT Capital Management LLC Buys Shares of 10,758 The Travelers Companies, Inc. $TRV

LRT Capital Management LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,758 shares of the insurance provider’s stock, valued at approximately $3,004,000. Travelers Companies makes up approximately 2.0% of LRT Capital Management LLC’s portfolio, making the stock its 18th largest position.

A number of other hedge funds have also modified their holdings of the stock. Osterweis Capital Management Inc. raised its stake in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Clayton Financial Group LLC acquired a new position in Travelers Companies in the third quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Travelers Companies during the second quarter valued at approximately $30,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price for the company. in a research report on Wednesday, January 7th. JPMorgan Chase & Co. lifted 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. Argus upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Roth Mkm increased their target price on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods raised their target price on Travelers Companies from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $304.33.

Travelers Companies Trading Up 0.7%

NYSE:TRV opened at $304.53 on Tuesday. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $313.12. The firm has a market cap of $65.85 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 2.81 and a beta of 0.49. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $292.36 and its 200-day moving average is $284.67.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. Travelers Companies’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $9.15 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Travelers Companies announced that its board has authorized a stock repurchase plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Alan D. Schnitzer sold 55,733 shares of the 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 completion of the sale, the chief executive officer owned 260,329 shares in the company, valued at $76,718,956.30. This represents a 17.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,699,602.75. This trade represents a 73.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 92,845 shares of company stock valued at $27,239,631. 1.46% of the stock is owned by company 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.