Delphi Management Inc. MA Purchases New Shares in The Travelers Companies, Inc. $TRV

Delphi Management Inc. MA purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,603 shares of the insurance provider’s stock, valued at approximately $1,335,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. grew its position 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 buying an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies during the second quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC grew its position in 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 buying an additional 55 shares during the period. Clayton Financial Group LLC acquired a new stake in Travelers Companies during the third quarter valued at $28,000. Finally, SOA Wealth Advisors LLC. grew its position in Travelers Companies by 65.3% during the third quarter. SOA Wealth Advisors LLC. now owns 119 shares of the insurance provider’s stock valued at $33,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $295.39 on Tuesday. The firm has a market capitalization of $63.88 billion, a PE ratio of 10.73, a PEG ratio of 2.74 and a beta of 0.51. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $313.12. The firm’s 50-day moving average price is $297.64 and its 200 day moving average price is $286.67. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

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

Travelers Companies declared that its Board of Directors has approved a share repurchase program on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is presently 15.98%.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the transaction, the chief executive officer directly owned 260,329 shares in the company, valued at approximately $76,718,956.30. The trade was a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the transaction, the executive vice president owned 33,638 shares in the company, valued at $10,131,092.84. The trade was a 22.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 92,845 shares of company stock valued at $27,239,631. Insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho dropped their price target on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Barclays dropped their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, February 9th. Finally, Argus upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Two 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 company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $306.79.

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.