The Travelers Companies, Inc. $TRV Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 566,824 shares of the insurance provider’s stock after acquiring an additional 15,946 shares during the quarter. American Century Companies Inc.’s holdings in Travelers Companies were worth $158,269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% in 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 in the 2nd quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Clayton Financial Group LLC acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at about $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays cut their price target on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Zacks Research cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Mizuho lowered their price target on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Finally, Roth Mkm boosted their price objective on shares of Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $304.33.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $308.53 on Monday. The firm has a fifty day moving average price of $289.18 and a two-hundred day moving average price of $282.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $309.81. The company has a market cap of $66.72 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 2.88 and a beta of 0.49.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (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 for the quarter, compared to analysts’ expectations of $11.13 billion. During the same period in the previous year, the business posted $9.15 earnings per share. Travelers Companies’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Travelers Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer owned 260,329 shares in the company, valued at $76,718,956.30. The trade was a 17.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 92,845 shares of company stock valued at $27,239,631 over the last quarter. 1.46% of the stock is 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.