The Travelers Companies, Inc. $TRV Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,871 shares of the insurance provider’s stock after buying an additional 6,954 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Travelers Companies were worth $9,737,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Travelers Companies during the 2nd quarter worth $815,013,000. JPMorgan Chase & Co. lifted its position in Travelers Companies by 10.9% in the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after buying an additional 751,715 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in Travelers Companies during the third quarter worth about $125,597,000. Rakuten Investment Management Inc. purchased a new position in Travelers Companies during the third quarter worth about $112,051,000. Finally, Nordea Investment Management AB increased its position 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 acquiring an additional 357,687 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 55,733 shares of Travelers Companies stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer owned 260,329 shares in the company, valued at $76,718,956.30. The trade was a 17.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the sale, the executive vice president directly owned 117,596 shares in the company, valued at approximately $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 92,845 shares of company stock worth $27,239,631 over the last three months. Insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TRV shares. Argus upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Roth Mkm boosted their target price on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company decreased their price target on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Finally, Mizuho cut their price objective on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $304.33.

Travelers Companies Stock Up 0.7%

Shares of NYSE TRV opened at $308.53 on Monday. The stock has a market cap of $66.72 billion, a P/E ratio of 11.21, a PEG ratio of 2.88 and a beta of 0.49. The business’s fifty day simple moving average is $289.18 and its 200-day simple moving average is $282.00. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $309.81. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping the consensus estimate of $8.34 by $2.79. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.Travelers Companies’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $9.15 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies declared that its board has initiated a stock buyback program on Wednesday, January 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

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.