Nykredit A S Acquires Shares of 970,794 The Travelers Companies, Inc. $TRV

Key Points

• Nykredit A/S acquired 970,794 shares of Travelers Companies in the second quarter, worth approximately $320.5 million. The position represents about 1.0% of Nykredit’s portfolio and 0.47% of Travelers’ outstanding shares.
• Travelers reported a strong quarter, with EPS of $10.04 versus the $5.41 consensus and revenue of $12.15 billion, while net margin reached 16.95% and return on equity was 25.41%.
• TRV shares opened at $366.10, while analysts maintained a consensus “Hold” rating with a $354.26 target price. The company also declared a quarterly dividend of $1.25 per share, equivalent to a 1.4% annual yield.

Nykredit A S bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 970,794 shares of the insurance provider's stock, valued at approximately $320,479,000. Travelers Companies makes up about 1.0% of Nykredit A S's portfolio, making the stock its 15th biggest position. Nykredit A S owned 0.47% of Travelers Companies as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC lifted its stake in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Travelers Companies during the first quarter valued at $26,000. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the second quarter worth $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies during the second quarter worth $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies in the 4th quarter worth about $26,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 58,667 shares of company stock valued at $21,830,989. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Up 0.6%

TRV stock opened at $366.10 on Thursday. The stock has a market cap of $76.36 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.44. The firm's 50-day simple moving average is $361.50 and its 200 day simple moving average is $322.38. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRV. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a report on Monday, July 20th. BMO Capital Markets cut shares of Travelers Companies from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Barclays raised their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Evercore set a $329.00 target price on Travelers Companies and gave the company an "in-line" rating in a report on Friday, July 10th. Finally, Roth Capital upped their target price on Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average 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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