The Travelers Companies, Inc. $TRV Shares Acquired by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 100.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,022 shares of the insurance provider’s stock after purchasing an additional 2,517 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Travelers Companies were worth $1,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Chicago Partners Investment Group LLC grew its position in shares of Travelers Companies by 1.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock worth $541,000 after buying an additional 36 shares in the last quarter. Greenleaf Trust grew its position in shares of Travelers Companies by 0.4% during the fourth quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock worth $2,911,000 after buying an additional 37 shares in the last quarter. Allegiance Financial Group Advisory Services LLC grew its position in shares of Travelers Companies by 3.4% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,130 shares of the insurance provider’s stock worth $328,000 after buying an additional 37 shares in the last quarter. Ibex Wealth Advisors boosted its holdings in Travelers Companies by 1.4% in the third 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 in the last quarter. Finally, JSF Financial LLC boosted its holdings in Travelers Companies by 1.0% in the fourth quarter. JSF Financial LLC now owns 3,944 shares of the insurance provider’s stock valued at $1,144,000 after purchasing an additional 40 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of the business’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 completion of the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,573 shares of company stock valued at $8,427,646 in the last 90 days. Company insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $297.07 on Tuesday. 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 twelve month low of $249.19 and a twelve month high of $313.12. The stock has a 50 day moving average of $300.16 and a two-hundred day moving average of $290.92. The stock has a market cap of $63.17 billion, a P/E ratio of 8.84, a P/E/G ratio of 2.68 and a beta of 0.50.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the previous year, the business earned $1.91 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 28.03 earnings per share for the current year.

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 buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a $1.25 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.09%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TRV shares. Wells Fargo & Company upped their price target on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Cantor Fitzgerald upped their price target on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Argus raised Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $309.13.

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.