Total Wealth Planning & Management Inc. Invests $525,000 in The Travelers Companies, Inc. $TRV

Total Wealth Planning & Management Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,809 shares of the insurance provider’s stock, valued at approximately $525,000.

A number of other institutional investors have also modified their holdings of TRV. Arbejdsmarkedets Tillaegspension bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $24,167,000. Varma Mutual Pension Insurance Co boosted its stake in shares of Travelers Companies by 21.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock valued at $13,472,000 after purchasing an additional 8,600 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in shares of Travelers Companies by 24.9% during the third quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock valued at $9,737,000 after purchasing an additional 6,954 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Travelers Companies by 17.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after purchasing an additional 133,152 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of Travelers Companies by 192.8% during the third quarter. Kovitz Investment Group Partners LLC now owns 135,330 shares of the insurance provider’s stock valued at $37,787,000 after purchasing an additional 89,108 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,573 shares of company stock valued at $11,504,146 over the last quarter. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $293.50 on Friday. The company has a market cap of $62.41 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 2.61 and a beta of 0.48. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $298.79 and a two-hundred day moving average of $293.93.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.91 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s payout ratio is 14.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRV. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research note on Tuesday, May 26th. Barclays increased their price objective on shares of Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Finally, Bank of America lowered their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $311.47.

Travelers Companies 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.