1,833 Shares in The Travelers Companies, Inc. $TRV Acquired by Indivisible Partners

Indivisible Partners purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,833 shares of the insurance provider’s stock, valued at approximately $532,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB increased its holdings in Travelers Companies by 4.7% during the 4th quarter. Swedbank AB now owns 146,458 shares of the insurance provider’s stock worth $42,482,000 after purchasing an additional 6,620 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Travelers Companies by 1.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 583,391 shares of the insurance provider’s stock worth $166,377,000 after purchasing an additional 10,314 shares during the period. AssuredPartners Investment Advisors LLC increased its holdings in Travelers Companies by 3.9% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 8,809 shares of the insurance provider’s stock worth $2,555,000 after purchasing an additional 334 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Travelers Companies by 0.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 275,614 shares of the insurance provider’s stock worth $79,945,000 after purchasing an additional 813 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Travelers Companies by 24.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 933 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 182 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This trade represents a 12.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. The trade was a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,573 shares of company stock worth $8,427,646. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.8%

Shares of NYSE:TRV opened at $299.06 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $63.60 billion, a PE ratio of 8.90, a P/E/G ratio of 2.72 and a beta of 0.50. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $313.12. The business’s fifty day simple moving average is $300.48 and its 200-day simple moving average is $290.49.

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

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

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is 13.09%.

Analyst Ratings Changes

Several research firms have commented on TRV. Brean Capital began coverage on Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating on the stock. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. BMO Capital Markets raised their price objective on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods raised 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. Finally, Evercore restated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $309.13.

About Travelers Companies

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.