15,398 Shares in The Travelers Companies, Inc. $TRV Acquired by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 15,398 shares of the insurance provider’s stock, valued at approximately $4,181,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Osterweis Capital Management Inc. grew its stake 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 acquiring an additional 91 shares in the last quarter. Delos Wealth Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Quaker Wealth Management LLC grew its position in shares of Travelers Companies by 200.0% during 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 bought a new stake in shares of Travelers Companies in the third quarter worth about $28,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 6,075 shares in the company, valued at $1,699,602.75. This represents a 73.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $35,366,997. This represents a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 101,765 shares of company stock valued at $29,877,543. Company insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.1%

TRV opened at $298.98 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.33. The stock’s 50 day moving average price is $285.37 and its 200-day moving average price is $278.62. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $304.40. The stock has a market cap of $66.69 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 2.79 and a beta of 0.51.

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

Travelers Companies announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued 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 is presently 15.98%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Roth Mkm raised their price target on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Barclays cut their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Evercore boosted their target price on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $303.00.

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.