Financial Planning Hawaii Inc. Takes $1.22 Million Position in The Travelers Companies, Inc. $TRV

Financial Planning Hawaii Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, Holdings Channel reports. The firm acquired 4,190 shares of the insurance provider’s stock, valued at approximately $1,215,000.

Several other large investors have also recently added to or reduced their stakes in TRV. Varma Mutual Pension Insurance Co grew its stake in shares of Travelers Companies by 21.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock worth $13,472,000 after acquiring an additional 8,600 shares in the last quarter. Liberty One Investment Management LLC raised its stake in shares of Travelers Companies by 32.3% in the third quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock valued at $7,323,000 after acquiring an additional 6,408 shares in the last quarter. National Pension Service boosted its holdings in Travelers Companies by 1.8% in the third quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after purchasing an additional 13,120 shares during the period. Peregrine Asset Advisers Inc. acquired a new position in Travelers Companies during the 3rd quarter worth $7,955,000. Finally, Elo Mutual Pension Insurance Co grew its stake in Travelers Companies by 24.9% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock worth $9,737,000 after purchasing an additional 6,954 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction on 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maria Olivo sold 10,400 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the transaction, the executive vice president directly owned 117,596 shares in the company, valued at $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,845 shares of company stock worth $27,239,631 over the last 90 days. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Trading Up 2.2%

TRV opened at $291.48 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $313.12. The company has a market cap of $63.03 billion, a P/E ratio of 10.59, a PEG ratio of 2.65 and a beta of 0.49. The business’s 50-day simple moving average is $295.93 and its 200-day simple moving average is $286.07.

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, topping the consensus estimate of $8.34 by $2.79. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations 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 was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.15 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

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

Travelers Companies Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on TRV. Wells Fargo & Company reduced their price target on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Evercore boosted their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $306.79.

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.