Strategic Family Wealth Counselors L.L.C. Takes Position in The Travelers Companies, Inc. $TRV

Strategic Family Wealth Counselors L.L.C. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,083 shares of the insurance provider’s stock, valued at approximately $562,000.

Several other hedge funds also recently modified their holdings of the company. Biltmore Family Office LLC increased its position in shares of Travelers Companies by 10.6% during the 4th quarter. Biltmore Family Office LLC now owns 2,802 shares of the insurance provider’s stock valued at $813,000 after purchasing an additional 268 shares during the period. Pacer Advisors Inc. increased its position in shares of Travelers Companies by 9.6% during the 4th quarter. Pacer Advisors Inc. now owns 25,407 shares of the insurance provider’s stock valued at $7,370,000 after purchasing an additional 2,222 shares during the period. World Investment Advisors increased its position in shares of Travelers Companies by 65.8% during the 4th quarter. World Investment Advisors now owns 4,588 shares of the insurance provider’s stock valued at $1,331,000 after purchasing an additional 1,820 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Travelers Companies by 152.9% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 68,800 shares of the insurance provider’s stock valued at $19,956,000 after purchasing an additional 41,600 shares during the period. Finally, Valley Wealth Managers Inc. grew its holdings in shares of Travelers Companies by 0.8% in the 4th quarter. Valley Wealth Managers Inc. now owns 16,817 shares of the insurance provider’s stock worth $4,878,000 after acquiring an additional 128 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Argus upgraded Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Mizuho decreased their target price on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Wells Fargo & Company lifted their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Brean Capital initiated coverage on Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Bank of America decreased their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Two 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, the company currently has an average rating of “Hold” and an average target price of $309.13.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.77, for a total value of $3,037,700.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,707,621.25. This trade represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,573 shares of company stock valued at $8,427,646 over the last quarter. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $294.75 on Thursday. The stock has a market cap of $62.68 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50. The business has a fifty day simple moving average of $299.64 and a 200-day simple moving average of $291.31. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.Travelers Companies’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 28.03 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is 13.09%.

Travelers Companies announced that its Board of Directors has approved a stock buyback program on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Travelers Companies Company 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.