1,978 Shares in The Travelers Companies, Inc. $TRV Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,978 shares of the insurance provider’s stock, valued at approximately $574,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Travelers Companies by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after buying an additional 119,481 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Travelers Companies by 22.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after buying an additional 331,170 shares in the last quarter. Legal & General Group Plc grew its stake in Travelers Companies by 2.7% in the 3rd quarter. Legal & General Group Plc now owns 1,670,016 shares of the insurance provider’s stock valued at $466,302,000 after acquiring an additional 43,589 shares during the last quarter. Invesco Ltd. grew its stake in Travelers Companies by 1.4% in the 3rd quarter. Invesco Ltd. now owns 1,569,670 shares of the insurance provider’s stock valued at $438,283,000 after acquiring an additional 21,892 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Travelers Companies by 2.1% during the 3rd quarter. First Trust Advisors LP now owns 1,490,778 shares of the insurance provider’s stock valued at $416,255,000 after acquiring an additional 30,301 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TRV. The Goldman Sachs Group downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target on the stock. in a report on Wednesday, January 7th. Argus raised shares of Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Weiss Ratings upgraded Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 9th. Finally, Keefe, Bruyette & Woods raised 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. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $306.79.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 55,733 shares of the firm’s stock in a transaction on 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction on 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 of the company’s stock, valued at approximately $35,366,997. This represents a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 92,845 shares of company stock worth $27,239,631. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $291.56 on Wednesday. The stock has a market capitalization of $63.05 billion, a P/E ratio of 10.59, a P/E/G ratio of 2.70 and a beta of 0.49. 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’s 50-day moving average is $296.36 and its two-hundred day moving average is $286.16.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $11.13 billion. During the same quarter in the previous year, the business posted $9.15 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were 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 of this dividend was Tuesday, March 10th. Travelers Companies’s dividend payout ratio is currently 15.98%.

Travelers Companies declared that its board has approved a share buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is 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.