Natixis Advisors LLC Reduces Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Natixis Advisors LLC trimmed its stake in The Travelers Companies by 2.6% to 133,880 shares, worth about $37.38 million (roughly 0.06% of the company) at quarter-end.
• Travelers beat quarterly estimates, reporting $11.13 EPS (vs. $8.34 consensus) and $12.43B revenue, and its Board authorized a $5.0 billion share repurchase plan (up to 8.3% of outstanding shares).
• The company declared a quarterly dividend of $1.10 (1.5% yield; ex-dividend Mar 10, payable Mar 31), while insiders sold a total of 92,845 shares worth ~$27.24 million over the past 90 days.

Natixis Advisors LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 133,880 shares of the insurance provider's stock after selling 3,639 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Travelers Companies worth $37,382,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRV. Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after purchasing an additional 91 shares during the last quarter. Delos Wealth Advisors LLC bought a new position in shares of Travelers Companies during the second quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC raised 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 worth $27,000 after buying an additional 55 shares during the period. Clayton Financial Group LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Travelers Companies during the 2nd quarter valued at $30,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 1.1%

NYSE TRV opened at $303.02 on Tuesday. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $313.12. The company has a 50 day moving average price of $291.06 and a 200 day moving average price of $283.63. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a market cap of $65.53 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 2.86 and a beta of 0.49.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. During the same period in the previous year, the company earned $9.15 earnings per share. The business's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies's dividend payout ratio (DPR) is currently 15.98%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the business's stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the sale, the executive vice president owned 6,075 shares of the company's stock, valued at approximately $1,699,602.75. The trade was a 73.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction that occurred on Friday, February 6th. The shares were 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 in the company, valued at $10,131,092.84. The trade was a 22.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,845 shares of company stock worth $27,239,631 over the last ninety days. Insiders own 1.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRV. Morgan Stanley increased their target price on Travelers Companies from $285.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, November 17th. Barclays lowered their target price on Travelers Companies from $315.00 to $312.00 and set an "equal weight" rating for the company in a report on Thursday, January 8th. UBS Group reissued a "neutral" rating on shares of Travelers Companies in a research report on Monday, February 2nd. 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 research report on Thursday, January 22nd. Finally, Roth Mkm increased their price objective on shares of Travelers Companies from $300.00 to $320.00 and gave the company a "buy" rating in a research note on Friday, January 23rd. 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $304.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.