Legal & General Group Plc Has $466.30 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Legal & General Group Plc raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,670,016 shares of the insurance provider’s stock after buying an additional 43,589 shares during the quarter. Legal & General Group Plc owned 0.75% of Travelers Companies worth $466,302,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth about $276,000. AGF Management Ltd. increased its holdings in shares of Travelers Companies by 2.7% in the second quarter. AGF Management Ltd. now owns 10,986 shares of the insurance provider’s stock worth $2,939,000 after acquiring an additional 288 shares in the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of Travelers Companies by 21.5% in the second quarter. RWA Wealth Partners LLC now owns 1,412 shares of the insurance provider’s stock valued at $378,000 after purchasing an additional 250 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Travelers Companies by 252.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,927 shares of the insurance provider’s stock worth $1,051,000 after buying an additional 2,813 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRV. Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Evercore upped their price objective on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Wells Fargo & Company dropped their price target on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group raised Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $304.33.

Insider Activity

In other Travelers Companies news, CEO Alan D. Schnitzer sold 55,733 shares of Travelers Companies stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total value of $16,424,515.10. Following the sale, the chief executive officer owned 260,329 shares in the company, valued at $76,718,956.30. The trade was a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $3,127,800.00. Following the sale, the executive vice president owned 117,596 shares in the company, valued at $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,845 shares of company stock worth $27,239,631 in the last ninety days. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Stock Down 0.4%

TRV opened at $301.97 on Wednesday. The firm has a 50 day moving average price of $291.25 and a 200-day moving average price of $283.81. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $313.12. 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 stock has a market capitalization of $65.30 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.83 and a beta of 0.49.

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

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies announced that its board has approved a stock 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 repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Travelers Companies

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.