PFA Pension Forsikringsaktieselskab Makes New $75.30 Million Investment in The Travelers Companies, Inc. $TRV

PFA Pension Forsikringsaktieselskab bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, HoldingsChannel reports. The fund bought 257,550 shares of the insurance provider’s stock, valued at approximately $75,303,000.

A number of other large investors have also made changes to their positions in TRV. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after acquiring an additional 110,311 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Travelers Companies by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after purchasing an additional 119,481 shares during the period. AQR Capital Management LLC grew its holdings in shares of Travelers Companies by 22.8% in the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after purchasing an additional 331,170 shares during the period. UBS Group AG increased its position in Travelers Companies by 5.3% during the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Travelers Companies by 2.7% during the third quarter. Legal & General Group Plc now owns 1,670,016 shares of the insurance provider’s stock worth $466,302,000 after purchasing an additional 43,589 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock opened at $304.99 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $64.86 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.74 and a beta of 0.50. The firm’s 50 day moving average price is $300.75 and its 200-day moving average price is $289.62. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $313.12.

Travelers Companies (NYSE:TRV) last posted 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. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter last year, the firm earned $1.91 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 13.09%.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. The Goldman Sachs Group cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective on the stock. in a report on Wednesday, January 7th. Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Finally, Citigroup reissued a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $309.13.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the sale, the executive vice president directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.77, for a total value of $3,037,700.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,707,621.25. This represents a 18.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 103,706 shares of company stock worth $30,991,761 over the last ninety days. Company insiders own 1.39% of the company’s stock.

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.