Arbejdsmarkedets Tillaegspension Makes New Investment in The Travelers Companies, Inc. $TRV

Arbejdsmarkedets Tillaegspension purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 83,318 shares of the insurance provider’s stock, valued at approximately $24,167,000.

A number of other institutional investors also recently bought and sold shares of TRV. Varma Mutual Pension Insurance Co lifted its holdings in shares of Travelers Companies by 21.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock valued at $13,472,000 after purchasing an additional 8,600 shares during the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at about $7,955,000. National Pension Service lifted its holdings in shares of Travelers Companies by 1.8% in the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after purchasing an additional 13,120 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in shares of Travelers Companies by 24.9% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock valued at $9,737,000 after purchasing an additional 6,954 shares during the last quarter. Finally, Compass Wealth Management LLC lifted its holdings in shares of Travelers Companies by 147.5% in the 3rd quarter. Compass Wealth Management LLC now owns 28,830 shares of the insurance provider’s stock valued at $8,050,000 after purchasing an additional 17,181 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 1.1%

TRV opened at $298.32 on Friday. The business has a 50 day moving average price of $299.39 and a two-hundred day moving average price of $291.51. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market cap of $63.44 billion, a PE ratio of 8.88, a P/E/G ratio of 2.66 and a beta of 0.50. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 EPS. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

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

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.7%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is currently 13.09%.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This represents a 51.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were 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 of the company’s stock, valued at approximately $13,707,621.25. This represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,573 shares of company stock worth $8,427,646 over the last quarter. 1.39% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Evercore reissued an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Bank of America reduced their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.