WHI TRUST Co LLC Purchases Shares of 2,222 The Travelers Companies, Inc. $TRV

WHI TRUST Co LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,222 shares of the insurance provider’s stock, valued at approximately $645,000. Travelers Companies comprises 0.5% of WHI TRUST Co LLC’s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. AustralianSuper Pty Ltd grew its position in Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after acquiring an additional 458,746 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in Travelers Companies during the third quarter valued at approximately $112,051,000. Woodline Partners LP bought a new position in Travelers Companies during the third quarter valued at approximately $99,680,000. AQR Capital Management LLC grew its position in Travelers Companies by 22.8% during the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after acquiring an additional 331,170 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in Travelers Companies by 258.5% during the second quarter. Adage Capital Partners GP L.L.C. now owns 372,513 shares of the insurance provider’s stock valued at $99,662,000 after acquiring an additional 268,600 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Mizuho cut their target price on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. BMO Capital Markets raised their target price on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Cantor Fitzgerald raised their target price on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, UBS Group restated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $309.13.

Travelers Companies Trading Up 1.1%

Travelers Companies stock opened at $298.32 on Friday. The business has a 50-day simple moving average of $299.39 and a two-hundred day simple moving average of $291.51. The company has a market cap of $63.44 billion, a P/E ratio of 8.88, a P/E/G ratio of 2.66 and a beta of 0.50. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.Travelers Companies’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.91 earnings per share. Analysts predict that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Travelers Companies’s dividend payout ratio is presently 13.09%.

Travelers Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 27,573 shares of company stock worth $8,427,646 in the last quarter. 1.39% of the stock is currently owned by insiders.

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.