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

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the first quarter, Holdings Channel.com reports. The fund owned 196,518 shares of the insurance provider’s stock after buying an additional 1,616 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Travelers Companies were worth $57,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cim LLC boosted its position in shares of Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after purchasing an additional 34 shares during the last quarter. Haverford Trust Co increased its holdings in Travelers Companies by 0.7% in the fourth quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock valued at $1,511,000 after purchasing an additional 35 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in Travelers Companies by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock valued at $1,519,000 after purchasing an additional 35 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in 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 during the period. Finally, 111 Capital lifted its stake in Travelers Companies by 3.0% in the fourth quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock valued at $355,000 after buying an additional 36 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Evercore reissued an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Finally, BMO Capital Markets upped their price objective 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 research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $309.07.

Insider Transactions at Travelers Companies

In other news, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Up 1.2%

TRV stock opened at $331.39 on Tuesday. The stock has a market capitalization of $70.47 billion, a P/E ratio of 9.86, a P/E/G ratio of 2.95 and a beta of 0.48. The business has a 50-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 current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $332.01.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is 14.88%.

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.