The Travelers Companies, Inc. $TRV Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,947 shares of the insurance provider’s stock after selling 2,941 shares during the period. Orion Porfolio Solutions LLC’s holdings in Travelers Companies were worth $4,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. lifted its position 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 worth $26,000 after acquiring an additional 91 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Clayton Financial Group LLC acquired a new position in shares of Travelers Companies in the third quarter valued at approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 9th. Mizuho cut their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Evercore raised their target price on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Barclays reduced their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $304.33.

Insider Buying and Selling at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of Travelers Companies 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 directly owned 6,075 shares in the company, valued at $1,699,602.75. The trade was a 73.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the sale, the executive vice president directly owned 117,596 shares in the company, valued at approximately $35,366,997. The trade was a 8.13% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 92,845 shares of company stock valued at $27,239,631. Company insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $306.43 on Monday. The firm has a market capitalization of $66.26 billion, a PE ratio of 11.13, a P/E/G ratio of 2.86 and a beta of 0.49. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $313.12. The firm’s 50-day simple moving average is $290.84 and its 200 day simple moving average is $283.44. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. The firm 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 firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $9.15 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Travelers Companies announced that its board has approved a share repurchase program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.