1,899 Shares in The Travelers Companies, Inc. $TRV Bought by Ponta Wealth Partners LLC

Ponta Wealth Partners LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,899 shares of the insurance provider’s stock, valued at approximately $551,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC boosted its stake in Travelers Companies by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after purchasing an additional 36 shares during the period. Greenleaf Trust increased its stake in shares of Travelers Companies by 0.4% in the fourth quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock valued at $2,911,000 after purchasing an additional 37 shares during the period. Ibex Wealth Advisors increased its stake in shares of Travelers Companies by 1.4% in the third quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock valued at $807,000 after purchasing an additional 40 shares during the period. L2 Asset Management LLC raised its holdings in shares of Travelers Companies by 4.1% during the third quarter. L2 Asset Management LLC now owns 1,044 shares of the insurance provider’s stock valued at $292,000 after buying an additional 41 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Travelers Companies by 1.3% during the fourth quarter. Wedmont Private Capital now owns 3,167 shares of the insurance provider’s stock valued at $897,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity

In other news, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares in the company, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 47,973 shares of company stock valued at $14,567,246 over the last quarter. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $301.83 on Thursday. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The firm has a market capitalization of $64.18 billion, a PE ratio of 8.98, a P/E/G ratio of 2.71 and a beta of 0.50. The company’s 50 day simple moving average is $300.61 and its 200 day simple moving average is $290.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the company posted $1.91 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 28.03 EPS for the current fiscal year.

Travelers Companies announced that its board has initiated a share repurchase program on Wednesday, January 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.09%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Brean Capital began coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating for the company. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Finally, Mizuho cut their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price 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.