Nuance Investments LLC Purchases Shares of 11,156 The Travelers Companies, Inc. $TRV

Nuance Investments LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,156 shares of the insurance provider’s stock, valued at approximately $3,115,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies in the 4th quarter valued at about $276,000. Callan Family Office LLC increased its stake in shares of Travelers Companies by 203.8% during the 2nd quarter. Callan Family Office LLC now owns 5,280 shares of the insurance provider’s stock valued at $1,413,000 after acquiring an additional 3,542 shares during the last quarter. PDS Planning Inc increased its stake in shares of Travelers Companies by 3.0% during the 2nd quarter. PDS Planning Inc now owns 1,971 shares of the insurance provider’s stock valued at $527,000 after acquiring an additional 58 shares during the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of Travelers Companies by 11.7% during the 2nd quarter. Aberdeen Group plc now owns 198,525 shares of the insurance provider’s stock worth $53,113,000 after acquiring an additional 20,754 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald boosted their target price on shares of Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $317.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Roth Mkm lifted their target price on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $303.00.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. The trade was a 7.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 85,168 shares of company stock worth $24,835,002. Company insiders own 1.46% of the company’s stock.

Travelers Companies Stock Up 0.5%

Shares of NYSE TRV opened at $301.80 on Monday. The stock has a fifty day moving average price of $284.82 and a 200 day moving average price of $277.99. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $304.40. The company has a market cap of $67.32 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.81 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share 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 company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. During the same quarter in the prior year, the business earned $9.15 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies declared that its board has approved a stock buyback program on Wednesday, January 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase programs are typically an indication 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 given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

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.