WJ Financial Advisors LLC Buys Shares of 2,349 The Travelers Companies, Inc. $TRV

WJ Financial Advisors LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,349 shares of the insurance provider’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in 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 acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $276,000. Harbour Investments Inc. boosted its stake in shares of Travelers Companies by 35.9% in the 2nd quarter. Harbour Investments Inc. now owns 1,625 shares of the insurance provider’s stock valued at $435,000 after purchasing an additional 429 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Travelers Companies by 70.4% during the second quarter. Mutual Advisors LLC now owns 1,876 shares of the insurance provider’s stock worth $490,000 after buying an additional 775 shares during the period. Finally, WealthPlan Investment Management LLC bought a new position in Travelers Companies during the second quarter worth $378,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $293.75 on Friday. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $304.40. The business’s fifty day moving average is $285.93 and its 200 day moving average is $279.02. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $65.52 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.77 and a beta of 0.51.

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

Travelers Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

In other news, 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 value of $3,011,800.00. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $10,131,092.84. This represents a 22.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at $35,366,997. This represents a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 101,765 shares of company stock worth $29,877,543. 1.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on TRV shares. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $317.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Argus upgraded Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Finally, The Goldman Sachs Group lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective for the company. in a research note on Wednesday, January 7th. Two investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $303.00.

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.