Caisse Des Depots ET Consignations Acquires 5,011 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Caisse Des Depots et Consignations boosted its stake in Travelers by 239.6% in Q4, buying 5,011 shares to hold 7,102 shares valued at about $2.06 million, while institutional investors now own 82.45% of TRV.
• Travelers beat quarterly estimates with $7.71 EPS (vs. $6.80) and $11.92B revenue (vs. $11.11B), and the company raised its quarterly dividend to $1.25 and authorized a $5.0 billion share buyback (≈8.3% of shares).
• Insiders have sold 103,706 shares (~$30.99M) over the past 90 days, including notable sales by EVP Jeffrey P. Klenk and Avrohom J. Kess, leaving insider ownership at about 1.39%.

Caisse Des Depots ET Consignations increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 239.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,102 shares of the insurance provider's stock after buying an additional 5,011 shares during the period. Caisse Des Depots ET Consignations' holdings in Travelers Companies were worth $2,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Varma Mutual Pension Insurance Co increased its stake in shares of 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 valued at $13,472,000 after acquiring an additional 8,600 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new position in shares of Travelers Companies during the 3rd quarter valued at about $7,955,000. National Pension Service increased its stake in shares of Travelers Companies by 1.8% during the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider's stock valued at $208,545,000 after acquiring an additional 13,120 shares during the last quarter. Liberty One Investment Management LLC increased its stake in shares of Travelers Companies by 32.3% during 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 acquiring an additional 6,408 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its stake in shares of Travelers Companies by 24.9% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider's stock valued at $9,737,000 after acquiring an additional 6,954 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Evercore reissued an "outperform" rating on shares of Travelers Companies in a research report on Friday, April 17th. Citigroup reissued a "neutral" rating on shares of Travelers Companies in a research report on Tuesday, January 27th. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $302.00 to $305.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 7th. Mizuho dropped their target price 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. Finally, Jefferies Financial Group raised shares of Travelers Companies to a "hold" rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $309.13.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the company's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. This represents a 51.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the company's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares of the company's stock, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 103,706 shares of company stock worth $30,991,761 over the last 90 days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Down 0.0%

TRV opened at $304.99 on Friday. The firm has a 50 day moving average price of $300.75 and a 200 day moving average price of $289.49. The company has a market cap of $64.86 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.75 and a beta of 0.50. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts' consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion during 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%.Travelers Companies's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 28.04 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. This is a boost from Travelers Companies's previous quarterly dividend of $1.10. Travelers Companies's dividend payout ratio (DPR) is currently 13.09%.

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

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.

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