Lansforsakringar Fondforvaltning AB publ Acquires 1,616 Shares of The Travelers Companies, Inc. $TRV

by · The Markets Daily

Lansforsakringar Fondforvaltning AB publ increased its holdings in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,518 shares of the insurance provider’s stock after purchasing an additional 1,616 shares during the period. Lansforsakringar Fondforvaltning AB publ owned approximately 0.09% of Travelers Companies worth $57,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its holdings in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. boosted its stake in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Travelers Companies in the fourth quarter valued at $28,000. Finally, Entrust Financial LLC bought a new stake in Travelers Companies in the fourth quarter valued at $31,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $331.39 on Tuesday. The business has a fifty day moving average of $303.90 and a 200-day moving average of $296.65. 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 Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $332.01. The firm has a market cap of $70.47 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 2.95 and a beta of 0.48.

Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $1.25 dividend. This is an increase 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 1.5%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last ninety days. 1.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. Brean Capital initiated coverage on Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating for the company. Bank of America lowered their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Barclays cut shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $331.00 to $295.00 in a research report on Friday, June 12th. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Finally, BMO Capital Markets boosted their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $309.07.

Read Our Latest Research Report on TRV

About Travelers Companies

(Free Report)

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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