Beaumont Financial Advisors LLC Sells 3,568 Shares of The Travelers Companies, Inc. $TRV

Beaumont Financial Advisors LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 72.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,350 shares of the insurance provider’s stock after selling 3,568 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Travelers Companies were worth $392,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Varma Mutual Pension Insurance Co lifted its position in Travelers Companies by 21.7% during the 3rd 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 during the last quarter. Liberty One Investment Management LLC boosted its holdings in Travelers Companies by 32.3% during 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 during the period. National Pension Service grew its position in shares of 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 last quarter. Peregrine Asset Advisers Inc. bought a new position in shares of Travelers Companies in the third quarter worth about $7,955,000. Finally, Elo Mutual Pension Insurance Co increased its stake in shares of Travelers Companies by 24.9% in the third 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 during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in 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 note on Thursday, January 22nd. The Goldman Sachs Group downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target on the stock. in a research report on Wednesday, January 7th. Evercore increased their price objective on 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 shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $306.79.

Travelers Companies Stock Down 0.0%

TRV stock opened at $293.98 on Friday. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $313.12. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a market cap of $63.57 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 2.74 and a beta of 0.51. The business’s 50-day simple moving average is $297.36 and its 200 day simple moving average is $286.37.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $11.13 billion. During the same quarter in the prior year, the firm posted $9.15 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

Travelers Companies declared that its board has initiated a stock buyback program on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows 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 leadership believes its stock is undervalued.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 55,733 shares of Travelers Companies stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 10,400 shares of the business’s 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 sale, 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 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 in the last ninety days. 1.46% of the stock is owned by company insiders.

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.