The Travelers Companies, Inc. $TRV Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 214.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,445 shares of the insurance provider’s stock after buying an additional 18,028 shares during the period. SteelPeak Wealth LLC’s holdings in Travelers Companies were worth $7,671,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the 2nd quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its position in Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Clayton Financial Group LLC acquired a new stake in Travelers Companies in the third quarter valued at approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $293.98 on Friday. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $313.12. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $63.57 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 2.74 and a beta of 0.51. The stock has a 50 day moving average of $297.36 and a 200-day moving average of $286.37.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. During the same period in the prior year, the company posted $9.15 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Travelers Companies announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 21st that permits the company to repurchase $5.00 billion in 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 a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. The Goldman Sachs Group cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective for the company. in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald raised their target price on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $306.79.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,400 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 92,845 shares of company stock worth $27,239,631. Company insiders own 1.46% of the company’s stock.

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.