Compass Wealth Management LLC Purchases 17,181 Shares of The Travelers Companies, Inc. $TRV

Compass Wealth Management LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 147.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 28,830 shares of the insurance provider’s stock after buying an additional 17,181 shares during the period. Travelers Companies accounts for approximately 1.2% of Compass Wealth Management LLC’s holdings, making the stock its 25th biggest position. Compass Wealth Management LLC’s holdings in Travelers Companies were worth $8,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Wealth Management Group LLC bought a new stake in Travelers Companies in the third quarter worth $713,000. Vanguard Personalized Indexing Management LLC raised its position in Travelers Companies by 4.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 40,956 shares of the insurance provider’s stock worth $11,450,000 after purchasing an additional 1,714 shares during the period. LBP AM SA bought a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $24,515,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of Travelers Companies by 2.0% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 37,023 shares of the insurance provider’s stock worth $10,338,000 after purchasing an additional 737 shares during the last quarter. Finally, Retirement Systems of Alabama purchased a new stake in Travelers Companies in the 3rd quarter valued at about $13,409,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider directly owned 255,086 shares in the company, valued at approximately $73,337,225. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 54,435 shares of company stock valued at $15,366,736. Company insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $281.70 on Tuesday. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $296.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The firm has a market capitalization of $62.84 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.52. The business has a 50 day simple moving average of $285.14 and a 200-day simple moving average of $276.11.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.15 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 21st that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s payout ratio is 15.98%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Mizuho lowered their target price on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Piper Sandler raised their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Finally, Barclays reduced their price objective on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $301.20.

Travelers Companies Company 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.