Aberdeen Group plc Has $56.59 Million Stock Position in The Travelers Companies, Inc. $TRV

Aberdeen Group plc lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,089 shares of the insurance provider’s stock after selling 4,245 shares during the period. Aberdeen Group plc owned 0.09% of Travelers Companies worth $56,588,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. lifted its position in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the second quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Clayton Financial Group LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Travelers Companies in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $293.98 on Friday. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $313.12. The company has a fifty day moving average of $297.36 and a 200-day moving average of $286.37. The company has a market capitalization of $63.57 billion, a P/E ratio of 10.68, a P/E/G ratio of 2.74 and a beta of 0.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were issued 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 (DPR) is currently 15.98%.

Travelers Companies declared that its Board of Directors has approved a share repurchase 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 generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Mizuho cut their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Cantor Fitzgerald raised their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 9th. Wells Fargo & Company reduced their price objective on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Finally, Barclays decreased their price objective on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $306.79.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of Travelers Companies stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. The trade was a 17.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 92,845 shares of company stock worth $27,239,631. 1.46% of the stock is owned by corporate insiders.

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.