The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,779 shares of the insurance provider's stock after purchasing an additional 2,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Travelers Companies were worth $21,098,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of 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 worth $844,854,000 after purchasing an additional 2,466,098 shares during the last quarter. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $560,918,000. GAMMA Investing LLC grew its stake in shares of Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Travelers Companies by 12.3% in the 4th quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider's stock worth $801,979,000 after purchasing an additional 364,379 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.3%

Shares of Travelers Companies stock traded down $0.69 during trading on Friday, hitting $261.30. The stock had a trading volume of 601,835 shares, compared to its average volume of 1,348,524. The Travelers Companies, Inc. has a 12 month low of $206.43 and a 12 month high of $277.83. The firm's fifty day simple moving average is $265.71 and its 200-day simple moving average is $256.87. The stock has a market cap of $58.83 billion, a PE ratio of 11.54, a PEG ratio of 3.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter last year, the firm posted $2.51 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is currently 19.46%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TRV shares. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Evercore ISI boosted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $275.56.

Insider Activity at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer owned 262,329 shares of the company's stock, valued at approximately $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock valued at $47,929,912 in the last three months. Company insiders own 1.46% 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.