Travelers Companies Inc (TRV) Position Trimmed by ING Groep NV

ING Groep NV decreased its position in shares of Travelers Companies Inc (NYSE:TRV) by 3.0% during the 4th quarter, Holdings Channel reports. The fund owned 215,133 shares of the insurance provider’s stock after selling 6,575 shares during the quarter. ING Groep NV’s holdings in Travelers Companies were worth $29,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. Field & Main Bank bought a new position in Travelers Companies in the fourth quarter valued at approximately $102,000. Fieldpoint Private Securities LLC bought a new position in Travelers Companies in the third quarter valued at approximately $106,000. Valeo Financial Advisors LLC bought a new position in Travelers Companies in the third quarter valued at approximately $108,000. Intellectus Partners LLC lifted its stake in Travelers Companies by 4.6% in the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares in the last quarter. Finally, Security National Trust Co. lifted its stake in Travelers Companies by 260.9% in the third quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after buying an additional 754 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the transaction, the executive vice president now owns 21,619 shares in the company, valued at $2,825,170.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,599 shares of company stock worth $26,487,501. 0.82% of the stock is owned by corporate insiders.

TRV has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $152.00 price target on shares of Travelers Companies in a research note on Wednesday, December 6th. Citigroup lifted their price target on shares of Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $148.00 price target on shares of Travelers Companies in a research note on Friday, December 8th. Zacks Investment Research raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Friday, January 5th. Finally, Bank of America raised shares of Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $135.07.

Shares of Travelers Companies Inc (NYSE TRV) opened at $142.14 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The stock has a market cap of $38,226.69, a P/E ratio of 19.37, a PEG ratio of 1.88 and a beta of 1.26.

Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. Travelers Companies’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.20 earnings per share. sell-side analysts predict that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.

Travelers Companies declared that its board has approved a stock buyback plan on Thursday, November 9th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.03%. Travelers Companies’s payout ratio is 39.40%.

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Travelers Companies Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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