Lansforsakringar Fondforvaltning AB publ Trims Stake in The Travelers Companies, Inc. $TRV

Key Points

• Lansforsakringar Fondforvaltning AB has reduced its position in The Travelers Companies to 269,240 shares, equivalent to approximately $71.20 million, indicating a 3.1% decrease in holding.
• Shares of Travelers Companies saw mixed ratings from analysts, with Barclays downgrading the stock while UBS increased its target price; the current average rating is "Hold" with a target price around $284.56.
• The Travelers Companies declared a quarterly dividend of $1.10 per share set to be paid on September 30th, resulting in an annualized yield of about 1.6%.

Lansforsakringar Fondforvaltning AB publ reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,240 shares of the insurance provider's stock after selling 8,472 shares during the period. Lansforsakringar Fondforvaltning AB publ owned approximately 0.12% of Travelers Companies worth $71,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Monterey Private Wealth Inc. acquired a new position in Travelers Companies during the 1st quarter valued at about $204,000. OMERS ADMINISTRATION Corp increased its holdings in shares of Travelers Companies by 6.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 15,984 shares of the insurance provider's stock valued at $4,227,000 after purchasing an additional 944 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Travelers Companies by 25.4% in the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider's stock valued at $127,108,000 after purchasing an additional 97,247 shares during the period. Cape ANN Savings Bank increased its holdings in shares of Travelers Companies by 33.3% in the first quarter. Cape ANN Savings Bank now owns 1,600 shares of the insurance provider's stock valued at $423,000 after purchasing an additional 400 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Travelers Companies by 10.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 17,525 shares of the insurance provider's stock valued at $4,635,000 after purchasing an additional 1,610 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE:TRV traded up $1.34 during trading on Monday, reaching $271.62. The stock had a trading volume of 681,010 shares, compared to its average volume of 1,165,158. 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 business has a fifty day moving average price of $263.85 and a 200-day moving average price of $261.35. The stock has a market cap of $61.15 billion, a PE ratio of 12.01, a PEG ratio of 3.12 and a beta of 0.53. The Travelers Companies, Inc. has a 1-year low of $222.21 and a 1-year high of $279.04.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRV. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $280.00 to $274.00 in a report on Monday, July 7th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company raised their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $284.56.

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.