Swedbank AB Increases Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Swedbank AB increased its holdings in The Travelers Companies, Inc. by 2.7% during Q1, now owning 127,756 shares valued at nearly $33.8 million.
• The Travelers Companies reported Q2 earnings of $6.51 per share, significantly exceeding expectations of $3.52, with revenue of $11.54 billion.
• The company declared a quarterly dividend of $1.10 per share, with a payout ratio of 19.46% and a dividend yield of 1.6%.

Swedbank AB raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,756 shares of the insurance provider's stock after purchasing an additional 3,338 shares during the period. Swedbank AB owned 0.06% of Travelers Companies worth $33,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. eCIO Inc. bought a new position in shares of Travelers Companies during the 1st quarter valued at about $34,000. Cim LLC bought a new position in shares of Travelers Companies during the 1st quarter valued at about $2,150,000. Modern Wealth Management LLC bought a new position in shares of Travelers Companies during the 1st quarter valued at about $455,000. Strs Ohio purchased a new position in Travelers Companies during the first quarter worth $15,844,000. Finally, Jacobi Capital Management LLC boosted its stake in Travelers Companies by 4.5% during the first quarter. Jacobi Capital Management LLC now owns 8,400 shares of the insurance provider's stock worth $2,221,000 after buying an additional 359 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at $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 Stock Performance

TRV traded down $2.53 during trading on Monday, reaching $276.40. 805,427 shares of the company's stock were exchanged, compared to its average volume of 1,085,606. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $280.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $62.23 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The company's fifty day simple moving average is $266.48 and its 200-day simple moving average is $263.67.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the firm posted $2.51 EPS. Travelers Companies's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend 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 currently 19.46%.

Analyst Ratings Changes

TRV has been the subject of several research reports. 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. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group lifted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.