Candriam S.C.A. Raises Position in The Travelers Companies, Inc. $TRV

Candriam S.C.A. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 750.4% during the third quarter, Holdings Channel reports. The fund owned 171,694 shares of the insurance provider’s stock after acquiring an additional 151,504 shares during the period. Candriam S.C.A.’s holdings in Travelers Companies were worth $47,940,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TRV. Osterweis Capital Management Inc. increased its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the second quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC increased its stake in shares of Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC raised its holdings in Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 208 shares in the last quarter. Finally, Clayton Financial Group LLC purchased a new position in Travelers Companies in the third quarter worth approximately $28,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE TRV opened at $301.80 on Monday. The company has a fifty day moving average of $284.82 and a two-hundred day moving average of $277.99. The company has a market capitalization of $67.32 billion, a PE ratio of 10.96, a P/E/G ratio of 2.81 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $304.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $9.15 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

Travelers Companies announced that its board has approved a stock buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent analyst reports. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Argus upgraded Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Finally, Evercore increased their price objective on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $303.00.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the completion of the sale, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. The trade was a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 85,168 shares of company stock valued at $24,835,002. 1.46% of the stock is currently owned by insiders.

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.