APG Asset Management N.V. Sells 1,700 Shares of The Travelers Companies, Inc. $TRV

APG Asset Management N.V. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,470 shares of the insurance provider’s stock after selling 1,700 shares during the quarter. APG Asset Management N.V. owned about 0.10% of Travelers Companies worth $61,280,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Aprio Wealth Management LLC grew its holdings in shares of Travelers Companies by 4.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,549 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 71 shares during the period. American Century Companies Inc. grew its stake in Travelers Companies by 2.9% in the third quarter. American Century Companies Inc. now owns 566,824 shares of the insurance provider’s stock worth $158,269,000 after purchasing an additional 15,946 shares during the period. Quantbot Technologies LP bought a new position in Travelers Companies in the third quarter worth $2,097,000. Dunhill Financial LLC raised its holdings in Travelers Companies by 3,448.3% in the third quarter. Dunhill Financial LLC now owns 1,029 shares of the insurance provider’s stock worth $287,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Accredited Wealth Management LLC lifted its position in Travelers Companies by 952.6% during the third quarter. Accredited Wealth Management LLC now owns 200 shares of the insurance provider’s stock valued at $56,000 after buying an additional 181 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $301.18, for a total value of $3,011,800.00. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. This trade represents a 22.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $16,424,515.10. Following the sale, the chief executive officer owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,845 shares of company stock worth $27,239,631 in the last ninety days. Insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $308.53 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average price of $289.18 and a 200-day moving average price of $282.00. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $309.81. The firm has a market capitalization of $66.72 billion, a PE ratio of 11.21, a P/E/G ratio of 2.88 and a beta of 0.49.

Travelers Companies (NYSE:TRV) last issued its earnings results 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 net margin of 12.88% and a return on equity of 20.70%. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. During the same quarter last year, the company posted $9.15 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies declared that its Board of Directors has authorized a stock 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 reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is 15.98%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Evercore lifted their price objective on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Two equities research 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, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $304.33.

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.