Nordea Investment Management AB Acquires 1,543 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Nordea Investment Management AB increased its holdings in The Travelers Companies, Inc. by 7.6%, acquiring an additional 1,543 shares during the second quarter, bringing their total to 21,793 shares valued at $5.76 million.
• Investment analysts are optimistic about Travelers Companies, with several firms upgrading their ratings and a consensus price target of $291.31, indicating a strong market outlook.
• The company announced a quarterly dividend of $1.10 per share, set to be paid on December 31st, reflecting a 1.7% yield.

Nordea Investment Management AB grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,793 shares of the insurance provider's stock after acquiring an additional 1,543 shares during the period. Nordea Investment Management AB's holdings in Travelers Companies were worth $5,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Empirical Asset Management LLC boosted its holdings in Travelers Companies by 1.4% in the 2nd quarter. Empirical Asset Management LLC now owns 3,386 shares of the insurance provider's stock worth $906,000 after buying an additional 46 shares during the period. S Bank Fund Management Ltd bought a new position in Travelers Companies in the 2nd quarter worth $281,000. Harbor Asset Planning Inc. bought a new position in Travelers Companies in the 2nd quarter worth $35,000. Latitude Advisors LLC bought a new position in Travelers Companies in the 2nd quarter worth $222,000. Finally, WealthPlan Investment Management LLC bought a new position in Travelers Companies in the 2nd quarter worth $378,000. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed a "positive" rating on shares of Travelers Companies in a report on Friday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday, October 14th. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Travelers Companies in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $291.31.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were 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 can be accessed through this hyperlink. Insiders own 1.46% of the company's stock.

Travelers Companies Stock Up 1.1%

Shares of NYSE TRV opened at $265.02 on Tuesday. The firm's 50-day moving average price is $273.95 and its 200-day moving average price is $266.49. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $59.12 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 2.51 and a beta of 0.51. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion for the quarter, compared to analysts' expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.24 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. Travelers Companies's dividend payout ratio is presently 17.30%.

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.

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