Compass Wealth Management LLC Increases Holdings in The Travelers Companies, Inc. $TRV

Compass Wealth Management LLC grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 147.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,830 shares of the insurance provider’s stock after buying an additional 17,181 shares during the period. Travelers Companies accounts for approximately 1.2% of Compass Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Compass Wealth Management LLC’s holdings in Travelers Companies were worth $8,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Avalon Trust Co lifted its position in Travelers Companies by 23.4% in the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after buying an additional 1,429 shares during the last quarter. Liberty One Investment Management LLC increased its stake in shares of Travelers Companies by 32.3% in the third quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock worth $7,323,000 after buying an additional 6,408 shares during the period. CWM LLC raised its holdings in Travelers Companies by 11.3% during the 3rd quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock valued at $37,735,000 after buying an additional 13,758 shares during the last quarter. Nordea Investment Management AB boosted its position in Travelers Companies by 1,641.3% during the 3rd quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock valued at $105,537,000 after buying an additional 357,687 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in Travelers Companies by 21.9% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 45,078 shares of the insurance provider’s stock worth $12,587,000 after acquiring an additional 8,090 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. The Goldman Sachs Group lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price for the company. in a report on Wednesday, January 7th. Wells Fargo & Company lowered their price target on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Mizuho dropped their price objective on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $317.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Roth Mkm upped their target price on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $301.20.

Travelers Companies Price Performance

Shares of TRV stock opened at $281.70 on Tuesday. The business’s fifty day moving average is $285.14 and its 200 day moving average is $276.11. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $62.84 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 2.63 and a beta of 0.52. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $296.85.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.15 EPS. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Travelers Companies declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 8,920 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $34,776,665.08. The trade was a 7.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,435 shares of company stock valued at $15,366,736 over the last ninety days. 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.