AustralianSuper Pty Ltd Takes $125.60 Million Position in The Travelers Companies, Inc. $TRV

AustralianSuper Pty Ltd acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 449,813 shares of the insurance provider’s stock, valued at approximately $125,597,000. AustralianSuper Pty Ltd owned about 0.20% of Travelers Companies at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TRV. Vanguard Group Inc. lifted its position in Travelers Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after acquiring an additional 313,449 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after purchasing an additional 54,363 shares during the period. Valeo Financial Advisors LLC grew its position in Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Finally, Norges Bank acquired a new position in Travelers Companies in the 2nd quarter valued at $815,013,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the topic of several analyst reports. Barclays lowered their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. The Goldman Sachs Group cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a research report on Wednesday, January 7th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Zacks Research downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings lowered Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $302.80.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the sale, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,435 shares of company stock valued at $15,366,736 over the last three months. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.2%

Shares of TRV stock opened at $281.90 on Thursday. The stock has a market cap of $62.88 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.55 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $296.85. The business has a fifty day simple moving average of $284.95 and a 200-day simple moving average of $276.34.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.