Danske Bank A S Has $67.63 Million Holdings in The Travelers Companies, Inc. $TRV

Danske Bank A S boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.4% in the fourth quarter, HoldingsChannel reports. The firm owned 233,140 shares of the insurance provider’s stock after acquiring an additional 45,694 shares during the period. Danske Bank A S’s holdings in Travelers Companies were worth $67,625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in shares of Travelers Companies by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after buying an additional 36 shares in the last quarter. Greenleaf Trust grew its holdings in Travelers Companies by 0.4% during the 4th quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock worth $2,911,000 after acquiring an additional 37 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Travelers Companies by 1.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock worth $1,143,000 after acquiring an additional 40 shares during the last quarter. Ibex Wealth Advisors increased its position in Travelers Companies by 1.4% in the 3rd quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock valued at $807,000 after acquiring an additional 40 shares in the last quarter. Finally, L2 Asset Management LLC increased its position in Travelers Companies by 4.1% in the 3rd quarter. L2 Asset Management LLC now owns 1,044 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.1%

NYSE TRV opened at $305.48 on Friday. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The stock has a 50-day simple moving average of $300.75 and a 200 day simple moving average of $289.49. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $64.96 billion, a PE ratio of 9.09, a P/E/G ratio of 2.72 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion for 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%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.91 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 28.04 EPS for the current year.

Travelers Companies announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Travelers Companies Increases Dividend

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

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 55,733 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at approximately $76,718,956.30. The trade was a 17.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 103,706 shares of company stock worth $30,991,761 over the last ninety days. Insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TRV shares. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Brean Capital started coverage on Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $309.13.

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.