Wealth Enhancement Advisory Services LLC Acquires 24,495 Shares of The Travelers Companies, Inc. $TRV

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 219,988 shares of the insurance provider’s stock after buying an additional 24,495 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.10% of Travelers Companies worth $62,732,000 at the end of the most recent quarter.

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

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,699,602.75. This trade represents a 73.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies 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 sale, the executive vice president owned 33,638 shares in the company, valued at $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 sold a total of 92,845 shares of company stock worth $27,239,631 over the last quarter. 1.46% of the stock is owned by company insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $296.63 on Monday. The firm’s 50-day moving average is $293.65 and its 200-day moving average is $285.42. The company has a market cap of $64.14 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 2.76 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 52-week low of $230.43 and a 52-week high of $313.12.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $11.13 billion. During the same quarter last year, the company earned $9.15 earnings per share. The firm’s revenue 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 declared that its board has initiated a stock buyback program on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. Brean Capital assumed coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Mizuho dropped their price objective 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. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Cantor Fitzgerald increased their target price on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Finally, Evercore raised their target price on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $304.33.

Travelers Companies Company 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.