Aster Capital Management DIFC Ltd Has $1.69 Million Stock Position in The Travelers Companies, Inc. $TRV

Aster Capital Management DIFC Ltd grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1,184.1% during the third quarter, Holdings Channel reports. The firm owned 6,061 shares of the insurance provider’s stock after purchasing an additional 5,589 shares during the period. Travelers Companies accounts for about 0.9% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 22nd largest position. Aster Capital Management DIFC Ltd’s holdings in Travelers Companies were worth $1,692,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Associated Banc Corp increased its position in Travelers Companies by 1.4% during the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after buying an additional 39 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Travelers Companies by 1.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock worth $1,143,000 after acquiring an additional 40 shares in the last quarter. Nilsine Partners LLC increased its holdings in shares of Travelers Companies by 0.4% during the 3rd quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock valued at $2,719,000 after acquiring an additional 41 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Travelers Companies by 0.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock valued at $1,367,000 after acquiring an additional 41 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in Travelers Companies by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 1,465 shares of the insurance provider’s stock worth $409,000 after purchasing an additional 42 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 55,733 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total value of $16,424,515.10. Following the sale, the chief executive officer directly owned 260,329 shares in the company, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This trade represents a 8.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,845 shares of company stock valued at $27,239,631 in the last 90 days. Insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $306.21 on Friday. The company has a market capitalization of $66.21 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.84 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $309.37. The stock has a 50 day moving average of $288.87 and a two-hundred day moving average of $281.48.

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

Travelers Companies announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Travelers Companies Dividend Announcement

The firm 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 dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 15.98%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRV. Mizuho decreased their target price on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley boosted their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Barclays lowered their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $304.33.

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.