The Travelers Companies, Inc. $TRV Stock Holdings Lessened by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,112,951 shares of the insurance provider’s stock after selling 52,966 shares during the quarter. Travelers Companies comprises 1.5% of Bahl & Gaynor Inc.’s holdings, making the stock its 17th biggest position. Bahl & Gaynor Inc.’s holdings in Travelers Companies were worth $310,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Travelers Companies during the second quarter valued at $815,013,000. JPMorgan Chase & Co. raised its holdings in Travelers Companies by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after buying an additional 751,715 shares during the period. AustralianSuper Pty Ltd purchased a new stake in Travelers Companies during the third quarter valued at about $125,597,000. Rakuten Investment Management Inc. acquired a new position in shares of Travelers Companies in the third quarter worth about $112,051,000. Finally, Nordea Investment Management AB increased its position in shares of Travelers Companies by 1,641.3% in the third quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock worth $105,537,000 after acquiring an additional 357,687 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on TRV. Evercore upped their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Morgan Stanley raised their target price on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Wells Fargo & Company lowered their price target on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. Finally, Argus raised Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $304.33.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the sale, the executive vice president directly owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,845 shares of company stock worth $27,239,631 in the last ninety days. Insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $308.53 on Monday. The firm has a market cap of $66.72 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 2.88 and a beta of 0.49. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $309.81. 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 business has a fifty day simple moving average of $289.18 and a 200 day simple moving average of $282.00.

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 firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.13 billion. During the same quarter in the previous year, the company posted $9.15 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Travelers Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, January 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.