Focus Partners Advisor Solutions LLC Grows Holdings in The Travelers Companies, Inc. $TRV

Focus Partners Advisor Solutions LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 41.2% in the third quarter, Holdings Channel reports. The institutional investor owned 13,633 shares of the insurance provider’s stock after acquiring an additional 3,980 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Travelers Companies were worth $3,833,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Becker Capital Management Inc. bought a new position in Travelers Companies during the 3rd quarter valued at $227,000. Kingsview Wealth Management LLC raised its stake in shares of Travelers Companies by 2.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 14,129 shares of the insurance provider’s stock valued at $3,945,000 after purchasing an additional 299 shares in the last quarter. 111 Capital bought a new position in shares of Travelers Companies during the third quarter worth about $331,000. Elo Mutual Pension Insurance Co lifted its position in shares of Travelers Companies by 24.9% during the third quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock worth $9,737,000 after purchasing an additional 6,954 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Travelers Companies by 20.6% in the third quarter. Fisher Asset Management LLC now owns 2,212 shares of the insurance provider’s stock worth $618,000 after purchasing an additional 378 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’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 transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 10,400 shares of the firm’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 sale, the executive vice president owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,845 shares of company stock worth $27,239,631 in the last 90 days. 1.46% of the stock is currently owned by insiders.

Travelers Companies Trading Up 0.1%

Shares of NYSE TRV opened at $310.83 on Wednesday. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $313.12. The company has a market cap of $67.21 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. 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’s 50 day simple moving average is $289.94 and its 200 day simple moving average is $282.61.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping 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 firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. During the same period in the prior year, the business earned $9.15 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 15.98%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings upgraded Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Wells Fargo & Company lowered their price target on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, January 7th. Finally, UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $304.33.

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.