Northern Financial Advisors Inc Has $1.13 Million Position in The Travelers Companies, Inc. $TRV

Northern Financial Advisors Inc cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 41.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,906 shares of the insurance provider’s stock after selling 2,727 shares during the period. Travelers Companies comprises 1.3% of Northern Financial Advisors Inc’s investment portfolio, making the stock its 19th biggest position. Northern Financial Advisors Inc’s holdings in Travelers Companies were worth $1,133,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TRV. Osterweis Capital Management Inc. boosted its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Barnes Dennig Private Wealth Management LLC increased its position in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Clayton Financial Group LLC bought a new position in Travelers Companies in the 3rd quarter worth approximately $28,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Travelers Companies by 65.3% during the third quarter. SOA Wealth Advisors LLC. now owns 119 shares of the insurance provider’s stock worth $33,000 after buying an additional 47 shares during the last quarter. Finally, eCIO Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $300.78 on Tuesday. The firm has a market capitalization of $63.96 billion, a P/E ratio of 8.95, a P/E/G ratio of 2.78 and a beta of 0.51. The stock has a fifty day moving average price of $299.66 and a two-hundred day moving average price of $288.26. The Travelers Companies, Inc. has a 52-week low of $247.81 and a 52-week 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.

Travelers Companies (NYSE:TRV) last issued its 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. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 27.37 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. 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 presently 13.09%.

Travelers Companies declared that its board has approved a share repurchase program on Wednesday, January 21st that allows the company to repurchase $5.00 billion in outstanding 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 usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRV shares. Bank of America lowered their price objective on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Mizuho decreased their price target on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $309.13.

Insider Activity

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of Travelers Companies stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,699,602.75. The trade was a 73.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maria Olivo sold 10,400 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the transaction, the executive vice president directly owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,845 shares of company stock valued at $27,239,631 over the last three months. 1.39% of the stock is owned by corporate 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.