The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,556 shares of the insurance provider’s stock after acquiring an additional 19,063 shares during the period. AMF Tjanstepension AB’s holdings in Travelers Companies were worth $14,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. Park Avenue Securities LLC grew its holdings in Travelers Companies by 2.2% in the second quarter. Park Avenue Securities LLC now owns 7,215 shares of the insurance provider’s stock valued at $1,467,000 after purchasing an additional 158 shares during the period. Kingswood Wealth Advisors LLC raised its position in Travelers Companies by 2.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,496 shares of the insurance provider’s stock valued at $1,118,000 after purchasing an additional 119 shares during the period. Mather Group LLC. raised its position in Travelers Companies by 8.1% in the second quarter. Mather Group LLC. now owns 1,964 shares of the insurance provider’s stock valued at $399,000 after purchasing an additional 148 shares during the period. Bank & Trust Co purchased a new stake in Travelers Companies in the second quarter valued at $1,731,000. Finally, ST Germain D J Co. Inc. raised its position in Travelers Companies by 27.1% in the second quarter. ST Germain D J Co. Inc. now owns 1,164 shares of the insurance provider’s stock valued at $237,000 after purchasing an additional 248 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. Jefferies Financial Group cut their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Morgan Stanley cut their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Citigroup boosted their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $223.78.

Travelers Companies Stock Up 0.5 %

Shares of NYSE:TRV traded up $1.08 on Wednesday, hitting $209.36. 1,334,533 shares of the company’s stock were exchanged, compared to its average volume of 1,380,411. The firm’s 50-day moving average is $209.61 and its 200 day moving average is $215.28. The company has a market capitalization of $47.94 billion, a PE ratio of 15.63, a P/E/G ratio of 1.11 and a beta of 0.61. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 2.01%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.33% of the company’s stock.

About Travelers Companies

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.