The Travelers Companies, Inc. $TRV Position Reduced by Beaumont Financial Advisors LLC

Key Points

• Beaumont Financial Advisors LLC trimmed its position in The Travelers Companies by 72.5% in Q4, selling 3,568 shares and leaving a holding of 1,350 shares valued at $392,000.
• Travelers beat estimates in the latest quarter with $11.13 EPS vs. $8.34 expected and $12.43 billion in revenue, and its board approved a $5.0 billion share repurchase program (up to 8.3% of shares).
• Insiders have been net sellers recently, disposing of 92,845 shares worth $27.24 million over the last three months, including large sales by EVPs Jeffrey Klenk and Maria Olivo.

Beaumont Financial Advisors LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 72.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,350 shares of the insurance provider's stock after selling 3,568 shares during the quarter. Beaumont Financial Advisors LLC's holdings in Travelers Companies were worth $392,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies during the 4th quarter valued at $276,000. Fisher Asset Management LLC lifted its holdings in shares of Travelers Companies by 20.8% in the second quarter. Fisher Asset Management LLC now owns 1,834 shares of the insurance provider's stock valued at $491,000 after purchasing an additional 316 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the second quarter valued at $30,000. Finally, CW Advisors LLC boosted its position in shares of Travelers Companies by 51.4% in the second quarter. CW Advisors LLC now owns 17,969 shares of the insurance provider's stock worth $4,808,000 after buying an additional 6,104 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. Mizuho dropped their price target on Travelers Companies from $315.00 to $304.00 and set a "neutral" rating on the stock in a research report on Thursday, January 22nd. Cantor Fitzgerald lifted their target price on Travelers Companies from $316.00 to $319.00 and gave the company an "overweight" rating in a research note on Monday, February 2nd. UBS Group reissued a "neutral" rating on shares of Travelers Companies in a research report on Monday, February 2nd. Evercore raised their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an "outperform" rating in a report on Wednesday, January 7th. 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, five have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $306.79.

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 on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of 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 accessible through this link. Also, EVP Maria Olivo sold 10,400 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the sale, the executive vice president owned 117,596 shares of the company's stock, valued at $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,845 shares of company stock valued at $27,239,631 over the last three months. 1.46% of the stock is owned by insiders.

Travelers Companies Price Performance

TRV opened at $293.98 on Friday. The stock has a fifty day moving average price of $297.36 and a 200 day moving average price of $286.37. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $313.12. The stock has a market cap of $63.57 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.74 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping analysts' consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $9.15 EPS. Analysts forecast 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 was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Travelers Companies's dividend payout ratio (DPR) is presently 15.98%.

Travelers Companies announced that its board has initiated a stock 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 board 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.

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