Nykredit A S Invests $238.12 Million in The Travelers Companies, Inc. $TRV

Key Points

• Nykredit A S purchased 721,322 Travelers shares worth approximately $238.1 million, making TRV its 17th-largest holding and representing about 0.7% of its portfolio.
• Analyst sentiment remains mixed: Travelers has an average rating of “Hold” and an average price target of $354.53, despite upgrades from some firms and a Goldman Sachs downgrade to “Sell.”
• Travelers reported quarterly EPS of $10.04, well above the $5.41 consensus estimate, and declared a quarterly dividend of $1.25 per share, or $5.00 annualized.

Nykredit A S purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 721,322 shares of the insurance provider's stock, valued at approximately $238,123,000. Travelers Companies comprises about 0.7% of Nykredit A S's investment portfolio, making the stock its 17th biggest holding. Nykredit A S owned 0.35% of Travelers Companies as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Travelers Companies in the second quarter worth $4,447,000. Rit Capital Partners PLC bought a new stake in Travelers Companies in the 4th quarter worth about $39,450,000. Bank of Nova Scotia bought a new stake in Travelers Companies in the 2nd quarter worth about $19,949,000. Haverford Trust Co purchased a new position in Travelers Companies in the 2nd quarter worth about $1,723,000. Finally, Sumitomo Life Insurance Co. purchased a new position in Travelers Companies in the 2nd quarter worth about $1,676,000. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

TRV has been the topic of a number of recent analyst reports. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a report on Monday, July 20th. Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. The Goldman Sachs Group downgraded shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Travelers Companies from a "buy (a)" rating to a "buy (a-)" rating in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $354.53.

Insider Activity at Travelers Companies

In related news, EVP Daniel Yin sold 7,153 shares of the business'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 transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 6,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the completion of the sale, the executive vice president directly owned 118,742 shares of the company's stock, valued at $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,667 shares of company stock worth $21,830,989 in the last quarter. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Up 0.2%

Shares of TRV stock opened at $379.55 on Friday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a market cap of $79.16 billion, a P/E ratio of 10.16, a P/E/G ratio of 2.54 and a beta of 0.44. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $369.89 and a two-hundred day simple moving average of $327.90.

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

Travelers Companies Announces Dividend

The business 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is presently 13.39%.

About Travelers Companies

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers' principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers' compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.

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