Financial Planning Hawaii Inc. Makes New $1.22 Million Investment in The Travelers Companies, Inc. $TRV

Financial Planning Hawaii Inc. bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,190 shares of the insurance provider’s stock, valued at approximately $1,215,000.

Several other institutional investors have also modified their holdings of TRV. AustralianSuper Pty Ltd acquired a new position in shares of Travelers Companies during the 3rd quarter valued at about $125,597,000. Rakuten Investment Management Inc. purchased a new stake in shares of Travelers Companies in the third quarter valued at about $112,051,000. Nordea Investment Management AB increased its position in Travelers Companies by 1,641.3% during the third quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock worth $105,537,000 after purchasing an additional 357,687 shares during the last quarter. Woodline Partners LP purchased a new position in Travelers Companies during the third quarter worth about $99,680,000. Finally, Assenagon Asset Management S.A. raised its stake in Travelers Companies by 4,767.6% during the third quarter. Assenagon Asset Management S.A. now owns 338,150 shares of the insurance provider’s stock worth $94,418,000 after purchasing an additional 331,203 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 2.2%

Shares of TRV stock opened at $291.48 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $313.12. The firm has a market cap of $63.03 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 2.65 and a beta of 0.49. The company has a 50-day moving average of $295.93 and a two-hundred day moving average of $286.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

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 Announces Dividend

The company also recently declared 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is 15.98%.

Travelers Companies announced that its Board of Directors has initiated a share 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 repurchase up to 8.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on TRV shares. Barclays dropped their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Zacks Research lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Wells Fargo & Company lowered their price objective 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. Finally, Mizuho cut their target price on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $306.79.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the transaction, the executive vice president directly owned 6,075 shares in the company, valued at $1,699,602.75. This trade represents a 73.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 92,845 shares of company stock valued at $27,239,631 over the last three months. 1.46% of the stock is currently owned by company insiders.

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.