MAI Capital Management Purchases 15,230 Shares of The Travelers Companies, Inc. $TRV

MAI Capital Management increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 106.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,543 shares of the insurance provider’s stock after acquiring an additional 15,230 shares during the period. MAI Capital Management’s holdings in Travelers Companies were worth $8,249,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TRV. Cary Street Partners Financial LLC boosted its stake in Travelers Companies by 3.3% in the third quarter. Cary Street Partners Financial LLC now owns 7,971 shares of the insurance provider’s stock worth $2,226,000 after purchasing an additional 251 shares in the last quarter. Colonial Trust Advisors raised its holdings in shares of Travelers Companies by 41.6% in the third quarter. Colonial Trust Advisors now owns 160 shares of the insurance provider’s stock valued at $45,000 after buying an additional 47 shares during the last quarter. Waddell & Associates LLC lifted its position in Travelers Companies by 45.9% during the 3rd quarter. Waddell & Associates LLC now owns 1,567 shares of the insurance provider’s stock worth $438,000 after buying an additional 493 shares in the last quarter. Mufg Securities Americas Inc. grew its holdings in Travelers Companies by 20.9% during the 3rd quarter. Mufg Securities Americas Inc. now owns 6,072 shares of the insurance provider’s stock worth $1,695,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Compound Planning Inc. increased its position in Travelers Companies by 18.5% in the 3rd quarter. Compound Planning Inc. now owns 4,024 shares of the insurance provider’s stock valued at $1,123,000 after acquiring an additional 628 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, EVP Maria Olivo sold 10,400 shares of the business’s 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 transaction, the executive vice president owned 117,596 shares in the company, valued at approximately $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 33,638 shares in the company, valued at approximately $10,131,092.84. This trade represents a 22.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 92,845 shares of company stock worth $27,239,631 over the last quarter. 1.46% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TRV shares. Mizuho reduced their target price on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Evercore boosted their price objective on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Finally, Roth Mkm raised their price target on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Two equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $304.33.

Travelers Companies Stock Performance

TRV stock opened at $306.21 on Friday. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $309.37. 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 company has a market cap of $66.21 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51. The business’s fifty day moving average is $288.87 and its 200-day moving average is $281.48.

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

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 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.