The Travelers Companies, Inc. $TRV Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the third quarter, Holdings Channel.com reports. The fund owned 250,221 shares of the insurance provider’s stock after selling 1,898 shares during the quarter. TD Asset Management Inc’s holdings in Travelers Companies were worth $69,867,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Associated Banc Corp grew its holdings in shares of Travelers Companies by 1.4% during the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after purchasing an additional 39 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in Travelers Companies by 1.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock valued at $1,143,000 after buying an additional 40 shares in the last quarter. Nilsine Partners LLC grew its stake in Travelers Companies by 0.4% during the third quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock worth $2,719,000 after buying an additional 41 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Travelers Companies by 0.8% in the second quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock worth $1,367,000 after acquiring an additional 41 shares in the last quarter. Finally, Howard Capital Management Inc. raised its stake in shares of Travelers Companies by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 1,465 shares of the insurance provider’s stock valued at $409,000 after acquiring an additional 42 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.5%

Shares of TRV opened at $306.21 on Friday. The company has a market capitalization of $66.21 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.84 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $309.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50-day moving average price of $288.87 and a 200 day moving average price of $281.48.

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

Travelers Companies Announces Dividend

The business also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is 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 Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings upgraded Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald upped their price target on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two 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 stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $304.33.

Insider Activity at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 55,733 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the transaction, the chief executive officer owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. This trade represents a 17.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 92,845 shares of company stock valued at $27,239,631 in the last 90 days. 1.46% of the stock is currently owned by 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.