Strategic Planning Group LLC Grows Position in The Travelers Companies, Inc. $TRV

Strategic Planning Group LLC grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,347 shares of the insurance provider’s stock after buying an additional 2,357 shares during the period. Strategic Planning Group LLC’s holdings in Travelers Companies were worth $7,932,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Osterweis Capital Management Inc. increased its position in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Travelers Companies during the fourth quarter worth $28,000. eCIO Inc. purchased a new position in Travelers Companies during the fourth quarter worth $37,000. Optima Capital LLC purchased a new position in Travelers Companies during the fourth quarter worth $38,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Travelers Companies during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,707,621.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,573 shares of company stock valued at $8,427,646 in the last 90 days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $297.07 on Tuesday. The company 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. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The business has a fifty day simple moving average of $300.16 and a 200-day simple moving average of $290.92.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies announced that its board has initiated a share buyback plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. 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. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.09%.

Wall Street Analyst Weigh In

TRV has been the subject of several recent research reports. Wells Fargo & Company raised their price target on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. 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. Argus raised Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Mizuho lowered their price objective on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Two investment 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 stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $309.13.

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.