Northwestern Mutual Wealth Management Co. Has $10.04 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Northwestern Mutual Wealth Management Co. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,602 shares of the insurance provider’s stock after buying an additional 3,572 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Travelers Companies were worth $10,037,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC raised its position in Travelers Companies by 29.3% in the 4th quarter. Intech Investment Management LLC now owns 119,249 shares of the insurance provider’s stock valued at $34,589,000 after buying an additional 27,051 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Travelers Companies by 8.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 3,838 shares of the insurance provider’s stock valued at $1,113,000 after buying an additional 294 shares during the last quarter. Baker Avenue Asset Management LP raised its position in Travelers Companies by 1.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 14,798 shares of the insurance provider’s stock valued at $4,292,000 after buying an additional 226 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in Travelers Companies by 4.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 3,137 shares of the insurance provider’s stock valued at $910,000 after purchasing an additional 143 shares in the last quarter. Finally, Expressive Wealth LLC bought a new position in Travelers Companies in the fourth quarter valued at approximately $386,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRV. BMO Capital Markets raised their price target on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Evercore restated an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Bank of America decreased their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Finally, Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $311.47.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was 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 $15,049,010.86. The trade was a 12.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,573 shares of company stock worth $11,504,146 in the last three months. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Down 0.9%

TRV stock opened at $289.28 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $61.51 billion, a PE ratio of 8.61, a PEG ratio of 2.63 and a beta of 0.50. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The business’s 50 day simple moving average is $298.97 and its 200 day simple moving average is $293.82.

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, topping analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 EPS. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 14.88%.

About Travelers Companies

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.