The Travelers Companies, Inc. $TRV Shares Acquired by Mairs & Power Inc.

Mairs & Power Inc. lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,494 shares of the insurance provider’s stock after purchasing an additional 8,181 shares during the period. Mairs & Power Inc.’s holdings in Travelers Companies were worth $24,709,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Varma Mutual Pension Insurance Co lifted its stake in Travelers Companies by 21.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock worth $13,472,000 after purchasing an additional 8,600 shares during the last quarter. Liberty One Investment Management LLC raised its holdings in Travelers Companies by 32.3% during the third quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock worth $7,323,000 after purchasing an additional 6,408 shares in the last quarter. National Pension Service raised its holdings in Travelers Companies by 1.8% during the third quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock worth $208,545,000 after purchasing an additional 13,120 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $7,955,000. Finally, CWM LLC boosted its holdings in shares of Travelers Companies by 11.3% in the 3rd quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock valued at $37,735,000 after buying an additional 13,758 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. Evercore increased their target price on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research 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. Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $304.33.

Travelers Companies Stock Performance

NYSE:TRV opened at $304.53 on Tuesday. 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 firm has a market cap of $65.85 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49. The firm’s fifty day moving average price is $292.36 and its 200 day moving average price is $284.67. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $313.12.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping the consensus estimate of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $9.15 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s payout ratio is 15.98%.

Travelers Companies announced that its Board of Directors has approved 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 buy up to 8.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the stock in a transaction on Friday, February 6th. The stock was 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 approximately $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 55,733 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the sale, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. This trade represents a 17.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 92,845 shares of company stock worth $27,239,631. Insiders own 1.46% of the company’s stock.

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.