E. Ohman J or Asset Management AB Has $2.47 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

E. Ohman J or Asset Management AB lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,242 shares of the insurance provider’s stock after purchasing an additional 350 shares during the period. E. Ohman J or Asset Management AB’s holdings in Travelers Companies were worth $2,467,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TRV. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies in the third quarter worth about $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter worth about $50,000. Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. Finally, Salomon & Ludwin LLC boosted its stake in shares of Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRV. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company increased their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Roth Mkm raised their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised their target price on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy 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 $260.47.

Travelers Companies Price Performance

TRV stock opened at $244.29 on Wednesday. The stock has a market cap of $55.46 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.07 and a beta of 0.64. The stock has a 50-day moving average price of $246.42 and a two-hundred day moving average price of $238.89. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $7.01 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 20.6 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.72%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

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.