Handelsbanken Fonder AB Has $15.34 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Handelsbanken Fonder AB increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,006 shares of the insurance provider's stock after acquiring an additional 2,932 shares during the period. Handelsbanken Fonder AB's holdings in Travelers Companies were worth $15,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Putney Financial Group LLC bought a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Kapitalo Investimentos Ltda acquired a new position in Travelers Companies during the fourth quarter worth $30,000. Wood Tarver Financial Group LLC acquired a new position in Travelers Companies during the fourth quarter worth $33,000. Finally, Generali Investments Management Co LLC acquired a new position in Travelers Companies during the fourth quarter worth $37,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on TRV shares. UBS Group reduced their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company upped their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Jefferies Financial Group upped their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Stock Performance

Travelers Companies stock traded up $4.70 during mid-day trading on Thursday, hitting $265.97. 1,141,449 shares of the company's stock traded hands, compared to its average volume of 1,292,550. The firm has a 50 day simple moving average of $262.99 and a two-hundred day simple moving average of $254.22. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $277.83. The stock has a market cap of $60.07 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the firm earned $4.69 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio is currently 23.95%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer now owns 262,329 shares of the company's stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider now directly owns 255,086 shares of the company's stock, valued at $70,021,107. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 in the last ninety days. 1.46% of the stock is currently owned by corporate insiders.

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.