The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 40.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 407 shares of the insurance provider’s stock after purchasing an additional 118 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Travelers Companies were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Command Advisory Services Inc. acquired a new stake in Travelers Companies in the 3rd quarter valued at approximately $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at approximately $27,000. FWL Investment Management LLC acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $28,000. Quarry LP acquired a new stake in Travelers Companies in the 1st quarter valued at approximately $31,000. Finally, AM Squared Ltd increased its position in Travelers Companies by 100.0% in the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 100 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $213.99 on Friday. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The firm has a fifty day simple moving average of $221.79 and a 200 day simple moving average of $196.63. The company has a market capitalization of $49.00 billion, a PE ratio of 15.90, a P/E/G ratio of 1.10 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period last year, the firm posted $4.11 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s payout ratio is 29.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TRV shares. TD Cowen assumed coverage on Travelers Companies in a research note on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target for the company. The Goldman Sachs Group lifted their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Piper Sandler reissued a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. Finally, UBS Group lifted their target price on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $220.78.

Insider Activity

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 over the last three months. 1.33% of the stock is currently owned by insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.