The Travelers Companies, Inc. $TRV Stock Holdings Boosted by World Investment Advisors

World Investment Advisors lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 65.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,588 shares of the insurance provider’s stock after acquiring an additional 1,820 shares during the period. World Investment Advisors’ holdings in Travelers Companies were worth $1,331,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after acquiring an additional 110,311 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock worth $2,162,917,000 after acquiring an additional 119,481 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Travelers Companies by 22.8% during the third 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 last quarter. UBS Group AG grew its position in shares of Travelers Companies by 5.3% during the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after acquiring an additional 89,159 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Travelers Companies by 2.7% during the third quarter. Legal & General Group Plc now owns 1,670,016 shares of the insurance provider’s stock worth $466,302,000 after acquiring an additional 43,589 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $299.91 on Friday. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. 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 $63.78 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 2.70 and a beta of 0.50. The firm has a 50-day moving average of $299.15 and a two-hundred day moving average of $291.57.

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

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

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a 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 dividend payout ratio is currently 13.09%.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were 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 approximately $80,639,037.60. This represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the company’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 sale, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. The trade was a 12.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,573 shares of company stock worth $8,427,646 in the last ninety days. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Brean Capital initiated coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Finally, Argus upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Two investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus 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.