Genus Capital Management Inc. Increases Stake in The Travelers Companies, Inc. $TRV

Genus Capital Management Inc. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 650.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,922 shares of the insurance provider’s stock after buying an additional 6,000 shares during the quarter. Genus Capital Management Inc.’s holdings in Travelers Companies were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Osterweis Capital Management Inc. grew its holdings in Travelers Companies by 1,820.0% in the second 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. Kohmann Bosshard Financial Services LLC purchased a new stake in Travelers Companies in the fourth quarter worth about $28,000. Entrust Financial LLC purchased a new stake in Travelers Companies in the fourth quarter worth about $31,000. Navalign LLC purchased a new stake in Travelers Companies in the fourth quarter worth about $35,000. Finally, eCIO Inc. purchased a new stake in Travelers Companies in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $306.67 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. The company has a market cap of $65.21 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50. The stock’s fifty day moving average price is $299.45 and its 200-day moving average price is $293.05.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.Travelers Companies’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 28.03 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s payout ratio is 13.09%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Barclays increased their price target on shares of Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $309.13.

Insider Buying and Selling

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,573 shares of company stock valued at $8,427,646 in the last 90 days. 1.39% of the stock is owned by 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.