Skandinaviska Enskilda Banken AB publ Purchases 1,295 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,903 shares of the insurance provider’s stock after buying an additional 1,295 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Travelers Companies were worth $8,042,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TRV. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Travelers Companies by 12.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,708 shares of the insurance provider’s stock valued at $6,993,000 after purchasing an additional 5,176 shares during the period. Atria Investments LLC raised its position in Travelers Companies by 10.3% during the second quarter. Atria Investments LLC now owns 8,762 shares of the insurance provider’s stock valued at $1,312,000 after purchasing an additional 817 shares during the period. Principal Financial Group Inc. raised its position in Travelers Companies by 3.4% during the second quarter. Principal Financial Group Inc. now owns 328,058 shares of the insurance provider’s stock valued at $49,113,000 after purchasing an additional 10,672 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Travelers Companies by 13.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 42,960 shares of the insurance provider’s stock valued at $6,431,000 after purchasing an additional 5,243 shares during the period. Finally, National Asset Management Inc. raised its holdings in shares of Travelers Companies by 20.5% in the second quarter. National Asset Management Inc. now owns 8,191 shares of the insurance provider’s stock worth $1,227,000 after buying an additional 1,394 shares during the period. 82.09% of the stock is owned by institutional investors.

TRV has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on Travelers Companies in a report on Thursday, November 18th. They issued a “hold” rating and a $165.00 price target on the stock. The Goldman Sachs Group initiated coverage on Travelers Companies in a report on Monday, November 22nd. They set a “neutral” rating and a $165.00 price objective on the stock. Zacks Investment Research downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a report on Friday, December 17th. Morgan Stanley raised their price objective on Travelers Companies from $172.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Travelers Companies from $158.00 to $159.00 and gave the stock an “underweight” rating in a report on Thursday, January 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $164.60.

Shares of Travelers Companies stock opened at $163.21 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.26. The Travelers Companies, Inc. has a twelve month low of $135.87 and a twelve month high of $168.31. The business has a 50-day moving average price of $156.72 and a 200 day moving average price of $155.90. The firm has a market cap of $40.15 billion, a PE ratio of 11.45, a P/E/G ratio of 1.99 and a beta of 0.77.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Monday, October 18th. The insurance provider reported $2.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.60. Travelers Companies had a return on equity of 12.15% and a net margin of 10.64%. The firm had revenue of $8.32 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the business earned $3.12 EPS. Travelers Companies’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 12.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Friday, December 10th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, December 9th. Travelers Companies’s payout ratio is 24.70%.

In related news, EVP Michael Frederick Klein sold 5,876 shares of the company’s stock in a transaction that occurred on Monday, October 25th. The stock was sold at an average price of $161.71, for a total value of $950,207.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Douglas K. Russell sold 14,689 shares of the business’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $162.00, for a total value of $2,379,618.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,570 shares of company stock worth $4,289,845. 0.92% of the stock is currently owned by insiders.

About Travelers Companies

The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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