Fieldview Capital Management LLC Acquires New Position in The Travelers Companies, Inc. $TRV

Fieldview Capital Management LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,132 shares of the insurance provider’s stock, valued at approximately $2,550,000.

A number of other hedge funds have also bought and sold shares of TRV. Vanguard Group Inc. lifted its stake in shares of Travelers Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after buying an additional 313,449 shares during the period. JPMorgan Chase & Co. raised its position in Travelers Companies by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock worth $2,162,917,000 after buying an additional 119,481 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Travelers Companies by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after buying an additional 54,363 shares during the period. Norges Bank acquired a new position in Travelers Companies in the second quarter valued at approximately $815,013,000. Finally, Invesco Ltd. lifted its stake in shares of Travelers Companies by 14.4% in the 2nd quarter. Invesco Ltd. now owns 1,547,778 shares of the insurance provider’s stock valued at $414,093,000 after purchasing an additional 194,698 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.1%

TRV stock opened at $306.43 on Monday. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $313.12. The business’s 50-day moving average is $290.84 and its 200 day moving average is $283.44. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $66.26 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 2.86 and a beta of 0.49.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.15 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies declared that its board has authorized a share 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 purchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors 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 issued a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 15.98%.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 10,400 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the sale, the executive vice president directly owned 117,596 shares in the company, valued at $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $3,011,800.00. Following the completion of the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $10,131,092.84. This represents a 22.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 92,845 shares of company stock worth $27,239,631. Company insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRV. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised their target price on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, January 7th. Evercore upped their price target on Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Argus upgraded 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 issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $304.33.

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.