The Travelers Companies, Inc. $TRV Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 398,089 shares of the insurance provider’s stock after purchasing an additional 5,989 shares during the period. PNC Financial Services Group Inc.’s holdings in Travelers Companies were worth $115,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. raised its holdings in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Travelers Companies during the fourth quarter worth about $28,000. Entrust Financial LLC acquired a new stake in shares of Travelers Companies during the fourth quarter valued at about $31,000. Navalign LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $35,000. Finally, eCIO Inc. purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $37,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. The trade was a 35.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,573 shares of company stock valued at $8,427,646 in the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $307.02 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The firm’s 50 day moving average price is $299.20 and its 200 day moving average price is $292.50. The company has a market cap of $65.29 billion, a P/E ratio of 9.13, a PEG ratio of 2.75 and a beta of 0.50. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

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

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

Travelers Companies Increases Dividend

The business also recently announced 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. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.09%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Bank of America decreased their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Mizuho lowered their price target on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Finally, Cantor Fitzgerald boosted their price objective on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $309.13.

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.