BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in The Travelers Companies, Inc. $TRV

Key Points

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BI Asset Management Fondsmaeglerselskab A S decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,256 shares of the insurance provider's stock after selling 8,979 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.05% of Travelers Companies worth $32,067,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE grew its stake in Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after buying an additional 2,466,098 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after acquiring an additional 2,196,426 shares during the period. Nuveen LLC bought a new position in shares of Travelers Companies in the first quarter worth $294,755,000. Balyasny Asset Management L.P. raised its stake in shares of Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after purchasing an additional 907,266 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after purchasing an additional 390,104 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 255,086 shares of the company's stock, valued at approximately $70,021,107. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,374 shares of company stock worth $47,929,912. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

TRV traded up $1.4190 during trading on Friday, reaching $276.3390. The stock had a trading volume of 1,457,579 shares, compared to its average volume of 1,335,443. The business has a 50-day moving average of $262.92 and a 200-day moving average of $259.94. The Travelers Companies, Inc. has a one year low of $218.57 and a one year high of $279.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $62.21 billion, a PE ratio of 12.22, a PEG ratio of 3.15 and a beta of 0.51.

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

Travelers Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Wall Street Analyst Weigh In

TRV has been the subject of several analyst reports. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, UBS Group boosted their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $284.56.

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.