Danske Bank A S Takes $69.62 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• Danske Bank acquired 210,900 Travelers shares during the second quarter, valued at approximately $69.62 million, giving it a 0.10% stake. Institutional investors collectively own 82.45% of the company.
• Travelers reported quarterly earnings of $10.04 per share, beating estimates of $5.41, while revenue reached $12.15 billion versus the $11.26 billion consensus estimate.
• The company declared a quarterly dividend of $1.25 per share, equivalent to a $5.00 annualized payout and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26, below the reported share price of $367.96.

Danske Bank A S acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 210,900 shares of the insurance provider's stock, valued at approximately $69,622,000. Danske Bank A S owned 0.10% of Travelers Companies as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. LifeSteps Financial Inc. purchased a new position in Travelers Companies during the 2nd quarter valued at about $26,000. HHM Wealth Advisors LLC lifted its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies in the first quarter valued at approximately $26,000. Finally, Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Up 0.9%

Shares of NYSE:TRV opened at $367.96 on Wednesday. The firm has a market capitalization of $76.74 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. 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 Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The firm has a fifty day moving average of $348.71 and a 200 day moving average of $316.68.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter last year, the business posted $6.51 earnings per share. The company's revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio is 13.39%.

Insider Activity at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company's stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares of the company's stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 in the last quarter. 1.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRV shares. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research note on Monday, July 20th. Truist Financial upped their price target on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Barclays increased their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. UBS Group lifted their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Finally, HSBC boosted their target price on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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