WHI TRUST Co LLC Purchases Shares of 2,222 The Travelers Companies, Inc. $TRV

WHI TRUST Co LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,222 shares of the insurance provider’s stock, valued at approximately $645,000. Travelers Companies makes up 0.5% of WHI TRUST Co LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds have also recently bought and sold shares of TRV. AustralianSuper Pty Ltd boosted its holdings in Travelers Companies by 102.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after acquiring an additional 458,746 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in Travelers Companies during the 3rd quarter worth $112,051,000. Woodline Partners LP purchased a new position in Travelers Companies during the 3rd quarter worth $99,680,000. AQR Capital Management LLC boosted its holdings in Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after acquiring an additional 331,170 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Travelers Companies by 258.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 372,513 shares of the insurance provider’s stock worth $99,662,000 after acquiring an additional 268,600 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.77, for a total transaction of $3,037,700.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,707,621.25. The trade was a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,573 shares of company stock valued at $8,427,646. Company insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of analyst reports. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Barclays lifted their price objective on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Brean Capital started coverage on shares of Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald boosted their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $309.13.

Travelers Companies Trading Up 1.1%

Shares of Travelers Companies stock opened at $298.32 on Friday. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The stock’s 50-day simple moving average is $299.39 and its 200 day simple moving average is $291.51. The stock has a market capitalization of $63.44 billion, a P/E ratio of 8.88, a P/E/G ratio of 2.66 and a beta of 0.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the business posted $1.91 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

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

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Travelers Companies’s payout ratio is currently 13.09%.

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.