The Travelers Companies, Inc. $TRV Shares Bought by Magnetar Financial LLC

Magnetar Financial LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 306.4% during the third quarter, HoldingsChannel.com reports. The fund owned 5,251 shares of the insurance provider’s stock after purchasing an additional 3,959 shares during the quarter. Magnetar Financial LLC’s holdings in Travelers Companies were worth $1,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avalon Trust Co increased its stake in Travelers Companies by 23.4% during the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after buying an additional 1,429 shares during the period. Varma Mutual Pension Insurance Co boosted its position in Travelers Companies by 21.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock valued at $13,472,000 after buying an additional 8,600 shares during the last quarter. Liberty One Investment Management LLC grew its stake in shares of Travelers Companies by 32.3% during the third quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock valued at $7,323,000 after acquiring an additional 6,408 shares in the last quarter. National Pension Service grew its stake in shares of Travelers Companies by 1.8% during the third quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after acquiring an additional 13,120 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new stake in shares of Travelers Companies during the third quarter worth about $7,955,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.9%

NYSE:TRV opened at $302.19 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $291.68 and its two-hundred day moving average is $284.05. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $313.12. The company has a market cap of $65.35 billion, a PE ratio of 10.98, a P/E/G ratio of 2.79 and a beta of 0.49.

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

Travelers Companies Announces Dividend

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

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore raised their price objective on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Brean Capital started coverage on shares of Travelers Companies in a research report on Thursday. They set a “neutral” rating for the company. Argus upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Barclays cut their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $304.33.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the stock in a transaction 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 sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the completion of the transaction, the executive vice president owned 33,638 shares in the company, valued at approximately $10,131,092.84. The trade was a 22.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,845 shares of company stock worth $27,239,631 in the last ninety days. 1.46% of the stock is currently owned by company insiders.

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.