Picton Mahoney Asset Management Makes New $836,000 Investment in The Travelers Companies, Inc. $TRV

Picton Mahoney Asset Management purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,992 shares of the insurance provider’s stock, valued at approximately $836,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. raised its holdings in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Travelers Companies by 134.1% during 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 last quarter. Clayton Financial Group LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $30,000. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the sale, the executive vice president directly owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 55,733 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 260,329 shares of the company’s stock, valued at $76,718,956.30. This represents a 17.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,845 shares of company stock valued at $27,239,631 over the last 90 days. 1.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Barclays cut their target price on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. The Goldman Sachs Group lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a research report on Wednesday, January 7th. Weiss Ratings upgraded Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Finally, Roth Mkm increased their price target on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $304.33.

Travelers Companies Stock Performance

Shares of TRV stock opened at $306.43 on Friday. The firm has a market cap of $66.26 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 2.86 and a beta of 0.49. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $313.12. The stock’s 50-day moving average is $290.84 and its two-hundred day moving average is $283.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.13 billion. During the same period last year, the firm posted $9.15 EPS. Travelers Companies’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies declared that its board has initiated a share buyback plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 15.98%.

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.