Inceptionr LLC Raises Stake in The Travelers Companies, Inc. $TRV

Inceptionr LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 189.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,805 shares of the insurance provider’s stock after purchasing an additional 4,454 shares during the period. Travelers Companies comprises approximately 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 14th biggest holding. Inceptionr LLC’s holdings in Travelers Companies were worth $1,900,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC grew its position in shares of Travelers Companies by 134.1% during the 3rd 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 during the period. Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the second quarter valued at approximately $27,000. Clayton Financial Group LLC bought a new position in Travelers Companies during the third quarter valued at $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Travelers Companies in the second quarter worth $30,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $306.43 on Monday. The firm has a market capitalization of $66.26 billion, a P/E ratio of 11.13, a PEG ratio of 2.86 and a beta of 0.49. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $313.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The business has a fifty day moving average price of $290.84 and a 200-day moving average price of $283.44.

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

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

Travelers Companies Dividend Announcement

The business 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%.

Insider Activity

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred 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 $10,131,092.84. This represents a 22.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 92,845 shares of company stock valued at $27,239,631. Corporate insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRV. JPMorgan Chase & Co. upped their price target on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective for the company. in a report on Wednesday, January 7th. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 9th. Finally, Roth Mkm increased their target price on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.