Vestmark Advisory Solutions Inc. Grows Position in The Travelers Companies, Inc. $TRV

Vestmark Advisory Solutions Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 30.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,331 shares of the insurance provider’s stock after buying an additional 2,844 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Travelers Companies were worth $3,443,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Travelers Companies in the fourth quarter valued at $276,000. Brookstone Capital Management raised its holdings in shares of Travelers Companies by 37.5% in the second quarter. Brookstone Capital Management now owns 2,519 shares of the insurance provider’s stock valued at $674,000 after buying an additional 687 shares during the last quarter. Sage Mountain Advisors LLC acquired a new stake in shares of Travelers Companies during the second quarter worth about $283,000. Finally, Wealthfront Advisers LLC grew its holdings in shares of Travelers Companies by 1.0% during the second quarter. Wealthfront Advisers LLC now owns 20,480 shares of the insurance provider’s stock worth $5,479,000 after buying an additional 196 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $279.77, for a total value of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at $1,699,602.75. The trade was a 73.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the 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 completion of the sale, the executive vice president directly owned 33,638 shares in the company, valued at approximately $10,131,092.84. The trade was a 22.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 101,765 shares of company stock worth $29,877,543. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $305.44 on Tuesday. The firm has a 50 day moving average of $288.04 and a 200-day moving average of $280.86. The company has a market cap of $66.05 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.84 and a beta of 0.51. 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 Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $309.37.

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

Travelers Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Analyst Upgrades and Downgrades

TRV has been the subject of several analyst reports. Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Finally, Argus raised shares of Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $304.33.

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.