American Century Companies Inc. Increases Holdings in The Travelers Companies, Inc. $TRV

American Century Companies Inc. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 566,824 shares of the insurance provider’s stock after acquiring an additional 15,946 shares during the quarter. American Century Companies Inc. owned approximately 0.25% of Travelers Companies worth $158,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth $276,000. World Investment Advisors raised its holdings in shares of Travelers Companies by 21.1% during the second quarter. World Investment Advisors now owns 2,179 shares of the insurance provider’s stock worth $583,000 after purchasing an additional 379 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in Travelers Companies by 79.9% during the second quarter. Arkadios Wealth Advisors now owns 3,023 shares of the insurance provider’s stock worth $809,000 after acquiring an additional 1,343 shares during the period. Finally, Assetmark Inc. boosted its holdings in Travelers Companies by 400.4% during the second quarter. Assetmark Inc. now owns 13,637 shares of the insurance provider’s stock worth $3,649,000 after buying an additional 10,912 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president owned 6,075 shares in the company, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 260,329 shares in the company, valued at $76,718,956.30. The trade was a 17.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,845 shares of company stock worth $27,239,631 in the last 90 days. Corporate insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TRV shares. Evercore lifted their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Roth Mkm raised 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 raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Morgan Stanley upped their price target on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Finally, Mizuho lowered their price target on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $304.33.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $308.53 on Monday. The company’s fifty day moving average price is $289.18 and its 200 day moving average price is $282.00. The firm has a market capitalization of $66.72 billion, a P/E ratio of 11.21, a P/E/G ratio of 2.88 and a beta of 0.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $309.81.

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

Travelers Companies declared that its board has authorized a stock repurchase program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board 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 paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s payout ratio is currently 15.98%.

Travelers Companies 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.