Citizens Financial Group Inc. RI Trims Position in The Travelers Companies, Inc. $TRV

Citizens Financial Group Inc. RI lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,302 shares of the insurance provider’s stock after selling 1,776 shares during the period. Citizens Financial Group Inc. RI’s holdings in Travelers Companies were worth $12,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TRV. AustralianSuper Pty Ltd purchased a new position in shares of Travelers Companies during the 3rd quarter worth $125,597,000. Rakuten Investment Management Inc. purchased a new position in shares of Travelers Companies during the 3rd quarter worth $112,051,000. Nordea Investment Management AB raised its holdings in shares of Travelers Companies by 1,641.3% during the 3rd quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock worth $105,537,000 after acquiring an additional 357,687 shares during the period. Woodline Partners LP purchased a new position in shares of Travelers Companies during the 3rd quarter worth $99,680,000. Finally, AQR Capital Management LLC raised its holdings in shares of Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after acquiring an additional 331,170 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Wells Fargo & Company lifted their price target on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Finally, Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $309.13.

Insider Transactions at Travelers Companies

In related news, 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 in the company, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider owned 259,590 shares in the company, valued at $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 103,706 shares of company stock worth $30,991,761 in the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 1.1%

Shares of TRV opened at $305.48 on Friday. The firm has a market cap of $64.96 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 2.72 and a beta of 0.51. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $313.12. The company’s 50-day moving average price is $300.75 and its 200 day moving average price is $289.49. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 28.04 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $1.25 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is presently 13.09%.

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

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.