Candriam S.C.A. Increases Stake in The Travelers Companies, Inc. $TRV

Candriam S.C.A. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 750.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 171,694 shares of the insurance provider’s stock after purchasing an additional 151,504 shares during the quarter. Candriam S.C.A. owned approximately 0.08% of Travelers Companies worth $47,940,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC boosted its holdings 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 worth $27,000 after purchasing an additional 55 shares during the last quarter. Quaker Wealth Management LLC grew its position in shares of Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares in the last quarter. Finally, Clayton Financial Group LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $28,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRV. Barclays dropped their target price on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Cantor Fitzgerald raised their price objective on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Roth Mkm lifted their target price on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings cut shares of Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, January 26th. Finally, Mizuho cut their price target on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $303.00.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 55,733 shares of Travelers Companies stock in a transaction dated 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 transaction, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at $76,718,956.30. The trade was a 17.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the sale, the insider owned 255,086 shares in the company, valued at $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 85,168 shares of company stock valued at $24,835,002. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.5%

Shares of TRV stock opened at $301.80 on Monday. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $304.40. The firm has a market cap of $67.32 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51. The company has a 50-day moving average of $284.82 and a two-hundred day moving average of $277.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last released its quarterly 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 the consensus estimate of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $9.15 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company 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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Travelers Companies announced that its Board of Directors has authorized a stock repurchase 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 purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.