Concurrent Investment Advisors LLC Acquires 1,642 Shares of The Travelers Companies, Inc. $TRV

Concurrent Investment Advisors LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 27.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,569 shares of the insurance provider’s stock after buying an additional 1,642 shares during the period. Concurrent Investment Advisors LLC’s holdings in Travelers Companies were worth $2,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its position 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 valued at $27,000 after buying an additional 55 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in shares of Travelers Companies by 65.3% during the 3rd 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 in the last quarter. eCIO Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $37,000. Finally, Optima Capital LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $38,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on TRV shares. 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. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Cantor Fitzgerald raised their price objective on shares of Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Brean Capital started coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $309.13.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.77, for a total value of $3,037,700.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,707,621.25. This trade represents a 18.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,414 shares of company stock worth $28,428,461 over the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $309.79 on Wednesday. The stock has a market cap of $65.88 billion, a PE ratio of 9.22, a PEG ratio of 2.76 and a beta of 0.51. The company’s fifty day moving average is $300.56 and its 200 day moving average is $289.29. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 27.83 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is 13.09%.

Travelers Companies announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About Travelers Companies

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.