Chilton Investment Co. Inc. Acquires New Holdings in The Travelers Companies, Inc. $TRV

Chilton Investment Co. Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,775 shares of the insurance provider’s stock, valued at approximately $2,729,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at $815,013,000. JPMorgan Chase & Co. increased its holdings in Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in Travelers Companies in the 3rd quarter worth about $125,597,000. Rakuten Investment Management Inc. bought a new position in Travelers Companies in the third quarter valued at about $112,051,000. Finally, Nordea Investment Management AB boosted its stake in shares of Travelers Companies by 1,641.3% during the third quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock valued at $105,537,000 after purchasing an additional 357,687 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In other news, CEO Alan D. Schnitzer sold 55,733 shares of the stock in a transaction on Wednesday, February 4th. The shares were 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 directly owned 260,329 shares in the company, valued at $76,718,956.30. This represents a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 16,712 shares of Travelers Companies stock in a transaction on Friday, January 23rd. The stock was 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 $1,699,602.75. This represents a 73.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 92,845 shares of company stock valued at $27,239,631. Company insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $302.54 on Friday. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year 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 company has a market capitalization of $65.42 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49. The business has a 50-day moving average of $292.03 and a 200-day moving average of $284.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The company 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 firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $9.15 earnings per share. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are 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 1.5%. Travelers Companies’s payout ratio is 15.98%.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Wells Fargo & Company dropped 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 report on Thursday, January 22nd. Brean Capital assumed coverage on shares of Travelers Companies in a report on Thursday. They set a “neutral” rating on the stock. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, February 9th. 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. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies presently 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.