Munich Reinsurance Co Stock Corp in Munich Acquires 12,869 Shares of The Travelers Companies, Inc. $TRV

Munich Reinsurance Co Stock Corp in Munich increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2,543.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,375 shares of the insurance provider’s stock after buying an additional 12,869 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Travelers Companies were worth $3,911,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Chicago Partners Investment Group LLC grew its stake in shares of Travelers Companies by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after purchasing an additional 36 shares during the period. Greenleaf Trust grew its stake in shares of Travelers Companies by 0.4% during the 4th quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock valued at $2,911,000 after purchasing an additional 37 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Travelers Companies by 1.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock valued at $1,143,000 after purchasing an additional 40 shares during the period. Ibex Wealth Advisors grew its stake in shares of Travelers Companies by 1.4% during the 3rd quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock valued at $807,000 after purchasing an additional 40 shares during the period. Finally, L2 Asset Management LLC grew its stake in shares of Travelers Companies by 4.1% during the 3rd quarter. L2 Asset Management LLC now owns 1,044 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 41 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TRV. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Bank of America cut their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Wells Fargo & Company lifted their price objective on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Argus raised Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Barclays lifted their price objective on Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $309.13.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.77, for a total transaction of $3,037,700.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,707,621.25. This represents a 18.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 95,414 shares of company stock worth $28,428,461 in the last quarter. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Down 1.5%

NYSE TRV opened at $302.74 on Friday. The stock’s 50 day moving average is $300.14 and its 200 day moving average is $288.73. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The stock has a market cap of $64.38 billion, a PE ratio of 9.01, a P/E/G ratio of 2.79 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the firm earned $1.91 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 27.83 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 13.09%.

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

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.