Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 55,310 Shares of The Travelers Companies, Inc. $TRV

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 69.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,401 shares of the insurance provider’s stock after purchasing an additional 55,310 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Travelers Companies were worth $39,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TRV. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the 4th quarter worth $26,000. Osterweis Capital Management Inc. boosted its stake in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $28,000. Finally, Entrust Financial LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth $31,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 2.1%

Shares of TRV opened at $341.65 on Friday. The business’s 50 day moving average is $305.97 and its 200 day moving average is $297.78. 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 Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $342.31. The company has a market capitalization of $72.65 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.46.

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

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is presently 14.88%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies 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 directly owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This trade represents a 35.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s 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 completion of the sale, the executive vice president owned 6,075 shares in the company, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. Company insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Bank of America reduced their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $331.00 to $295.00 in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Two equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $309.07.

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.