The Travelers Companies, Inc. $TRV Holdings Raised by Bank of Montreal Can

Bank of Montreal Can lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,775 shares of the insurance provider’s stock after acquiring an additional 4,964 shares during the period. Bank of Montreal Can owned about 0.15% of Travelers Companies worth $94,872,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRV. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Travelers Companies by 134.1% in 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 during the period. Osterweis Capital Management Inc. raised its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. Delos Wealth Advisors LLC bought a new position in Travelers Companies in the second quarter worth about $27,000. Clayton Financial Group LLC bought a new position in Travelers Companies in the third quarter worth about $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at approximately $30,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity 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 shares were sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the transaction, the executive vice president 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the sale, the chief executive officer owned 260,329 shares in the company, valued at $76,718,956.30. This trade represents a 17.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 92,845 shares of company stock worth $27,239,631. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on TRV shares. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Mizuho lowered their price objective on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Evercore raised their target price on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $304.33.

Travelers Companies Stock Performance

Shares of TRV stock opened at $299.24 on Thursday. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $313.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $64.71 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 2.82 and a beta of 0.49. The business has a 50 day simple moving average of $291.44 and a 200 day simple moving average of $283.92.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.13 billion. During the same quarter in the previous year, the business earned $9.15 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s payout ratio is currently 15.98%.

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.