AMF Tjanstepension AB Has $34.29 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• AMF Tjanstepension AB reduced its stake in Travelers Companies by 1.2%, holding approximately 0.06% of the company after selling 1,609 shares.
• Insider transactions indicate significant selling activity, with EVP Maria Olivo and EVP Jeffrey P. Klenk selling a total of 51,379 shares valued at over $14 million.
• Many analysts remain optimistic about the stock's future, with an average target price of $282.69 and a consensus rating of "Hold."

AMF Tjanstepension AB lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,602 shares of the insurance provider's stock after selling 1,609 shares during the quarter. AMF Tjanstepension AB owned 0.06% of Travelers Companies worth $34,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bearing Point Capital LLC boosted its holdings in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after buying an additional 38 shares during the period. Forum Financial Management LP boosted its holdings in Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after purchasing an additional 39 shares during the last quarter. Smith Salley Wealth Management boosted its holdings in Travelers Companies by 0.6% during the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after purchasing an additional 44 shares during the last quarter. Finally, Northern Financial Advisors Inc boosted its holdings in Travelers Companies by 0.7% during the first quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock worth $1,739,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the sale, the insider directly owned 255,086 shares in the company, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,374 shares of company stock valued at $47,929,912. Company insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock traded down $0.36 during trading hours on Friday, reaching $265.00. 920,467 shares of the stock were exchanged, compared to its average volume of 1,321,157. The company has a market cap of $59.66 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 3.07 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $208.63 and a twelve month high of $277.83. The stock has a 50 day moving average of $263.16 and a two-hundred day moving average of $258.67.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group increased their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Evercore ISI increased their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Citigroup restated a "market perform" rating on shares of Travelers Companies in a report on Monday, July 21st. Finally, Jefferies Financial Group increased their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $282.69.

Travelers Companies 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.