Y Intercept Hong Kong Ltd Reduces Position in The Travelers Companies, Inc. $TRV

Y Intercept Hong Kong Ltd cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 46.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,646 shares of the insurance provider’s stock after selling 4,955 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Travelers Companies were worth $1,576,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. boosted 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 buying an additional 91 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the 2nd quarter worth $27,000. Barnes Dennig Private Wealth Management LLC grew its stake 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. Quaker Wealth Management LLC increased its holdings in shares of Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares during the last quarter. Finally, Clayton Financial Group LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Roth Mkm raised their target price on Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings cut shares of Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. Evercore ISI increased their target price on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Finally, Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $302.80.

Travelers Companies Trading Up 0.2%

Shares of TRV stock opened at $284.73 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $296.85. The company has a 50 day moving average price of $284.77 and a 200 day moving average price of $276.59. The stock has a market capitalization of $63.51 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 2.64 and a beta of 0.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.33.

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, topping analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.15 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Travelers Companies declared that its board has approved a stock repurchase plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,337,225. This trade represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 54,435 shares of company stock worth $15,366,736. 1.46% of the stock is owned by corporate insiders.

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.