Swiss Life Asset Management Ltd Has $19.15 Million Position in The Travelers Companies, Inc. $TRV

Swiss Life Asset Management Ltd boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 41.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,016 shares of the insurance provider’s stock after purchasing an additional 19,347 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Travelers Companies were worth $19,149,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after purchasing an additional 110,311 shares during the period. JPMorgan Chase & Co. boosted its holdings in Travelers Companies by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock worth $2,162,917,000 after acquiring an additional 119,481 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after acquiring an additional 331,170 shares during the last quarter. UBS Group AG boosted its holdings in Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after acquiring an additional 89,159 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Travelers Companies by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 1,670,016 shares of the insurance provider’s stock worth $466,302,000 after acquiring an additional 43,589 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction 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 sale, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. The trade was a 35.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider owned 259,590 shares in the company, valued at $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 27,573 shares of company stock worth $8,427,646. 1.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Argus raised shares of Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Finally, Barclays lifted their price objective on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $309.13.

Travelers Companies Trading Down 0.3%

NYSE TRV opened at $297.07 on Tuesday. The stock has a market capitalization of $63.17 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 2.68 and a beta of 0.50. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $313.12. 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 business’s fifty day moving average is $300.16 and its 200-day moving average is $290.92.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.91 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies announced that its Board of Directors has initiated a share 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 repurchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid 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 is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is presently 13.09%.

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.