Handelsbanken Fonder AB Cuts Stake in The Travelers Companies, Inc. $TRV

Handelsbanken Fonder AB lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,608 shares of the insurance provider’s stock after selling 7,949 shares during the quarter. Handelsbanken Fonder AB’s holdings in Travelers Companies were worth $25,950,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arbejdsmarkedets Tillaegspension bought a new stake in Travelers Companies in the fourth quarter valued at about $24,167,000. Rit Capital Partners PLC bought a new position in Travelers Companies during the fourth quarter worth about $39,450,000. UBS Group AG grew its position in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after buying an additional 89,159 shares during the period. Swiss Life Asset Management Ltd grew its position in shares of Travelers Companies by 41.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after buying an additional 19,347 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $576,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by insiders.

Travelers Companies Price Performance

NYSE TRV opened at $369.94 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $77.16 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 3.57 and a beta of 0.45. The business has a 50 day simple moving average of $343.11 and a 200 day simple moving average of $314.21. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the firm posted $6.51 earnings per share. The business’s revenue was up .3% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research note on Monday, July 20th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a report on Tuesday, May 26th. Bank of America lifted their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Finally, HSBC boosted their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $354.26.

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.