2,029 Shares in The Travelers Companies, Inc. $TRV Acquired by United Capital Management of KS Inc.

United Capital Management of KS Inc. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,029 shares of the insurance provider’s stock, valued at approximately $567,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Avalon Trust Co grew its stake in Travelers Companies by 23.4% during the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after buying an additional 1,429 shares during the period. Varma Mutual Pension Insurance Co boosted its position in Travelers Companies by 21.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock worth $13,472,000 after purchasing an additional 8,600 shares during the period. Liberty One Investment Management LLC increased its holdings in Travelers Companies by 32.3% in the 3rd quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock valued at $7,323,000 after purchasing an additional 6,408 shares in the last quarter. National Pension Service grew its stake in shares of Travelers Companies by 1.8% in the third quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after buying an additional 13,120 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new stake in shares of Travelers Companies during the third quarter valued at approximately $7,955,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 1.8%

TRV stock opened at $306.46 on Friday. The firm has a market cap of $66.27 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 2.91 and a beta of 0.49. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $313.12. The firm has a fifty day moving average price of $290.55 and a two-hundred day moving average price of $282.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.15 EPS. Research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

Travelers Companies announced that its board has authorized a share repurchase program on Wednesday, January 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Mizuho lowered their price target on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Argus raised Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Morgan Stanley increased their price target on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, January 7th. Finally, Barclays cut their target price on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $304.33.

Insider Buying and Selling

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,699,602.75. The trade was a 73.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $10,131,092.84. This represents a 22.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 92,845 shares of company stock worth $27,239,631. Company insiders own 1.46% of the company’s stock.

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.