Livforsakringsbolaget Skandia Omsesidigt Acquires 118 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 40.8% during the 4th quarter, Holdings Channel reports. The fund owned 407 shares of the insurance provider’s stock after buying an additional 118 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Travelers Companies were worth $78,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its holdings in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares in the last quarter. Northern Trust Corp lifted its position in shares of Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after buying an additional 29,989 shares during the last quarter. Morgan Stanley lifted its position in shares of Travelers Companies by 19.6% during the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after buying an additional 539,294 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Travelers Companies by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after buying an additional 95,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Travelers Companies by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock valued at $257,853,000 after purchasing an additional 31,165 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday. Raymond James increased their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. TD Cowen assumed coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price objective for the company. Evercore ISI reduced their price target on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Citigroup raised their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $220.78.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,775 shares of company stock worth $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $213.99 on Friday. The company’s fifty day moving average price is $221.79 and its 200 day moving average price is $196.63. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The stock has a market capitalization of $49.00 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the prior year, the business posted $4.11 EPS. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.66 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.