Pensionfund Sabic Acquires New Holdings in The Travelers Companies, Inc. $TRV

Pensionfund Sabic bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,900 shares of the insurance provider’s stock, valued at approximately $1,711,000.

Several other large investors have also recently modified their holdings of TRV. Barnes Dennig Private Wealth Management LLC increased its holdings in Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Osterweis Capital Management Inc. raised its position in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in Travelers Companies during the 2nd quarter worth about $27,000. Clayton Financial Group LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at about $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $30,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.9%

Travelers Companies stock opened at $292.97 on Wednesday. The company has a market capitalization of $63.35 billion, a PE ratio of 10.64, a PEG ratio of 2.75 and a beta of 0.49. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $313.12. The firm’s fifty day moving average is $294.39 and its 200 day moving average is $285.66. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The business 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $9.15 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies announced that its board has approved a stock repurchase program on Wednesday, January 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Travelers Companies Announces Dividend

The company 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. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 15.98%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $301.18, for a total value of $3,011,800.00. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. This represents a 22.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 92,845 shares of company stock worth $27,239,631. 1.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Zacks Research cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Cantor Fitzgerald increased their target price on shares of Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Evercore raised their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, Mizuho dropped their price target on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $306.79.

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.