Krilogy Financial LLC Takes $892,000 Position in The Travelers Companies, Inc. $TRV

Krilogy Financial LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,225 shares of the insurance provider’s stock, valued at approximately $892,000.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. Barnes Dennig Private Wealth Management LLC raised 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 worth $27,000 after buying an additional 55 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings 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 during the last quarter. Delos Wealth Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at about $27,000. Clayton Financial Group LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $28,000. Finally, Quaker Wealth Management LLC grew its stake in shares of Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on TRV. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Wells Fargo & Company cut their target price on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Cantor Fitzgerald boosted their price objective on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $303.00.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s 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 completion of the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,699,602.75. The trade was a 73.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 101,765 shares of company stock worth $29,877,543. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 1.2%

Shares of NYSE TRV opened at $293.75 on Friday. The business has a 50 day simple moving average of $285.93 and a 200 day simple moving average of $279.02. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $304.40. The stock has a market cap of $65.52 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 2.77 and a beta of 0.51. 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 earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. During the same period in the previous year, the company earned $9.15 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is 15.98%.

Travelers Companies announced that its board has initiated a share buyback plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.