The Travelers Companies, Inc. $TRV Holdings Boosted by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in The Travelers Companies, Inc. by 1.1%, now owning 80,679 shares valued at approximately $21.58 million.
• The Travelers Companies reported a quarterly EPS of $6.51, exceeding analysts' expectations, and achieved a revenue of $11.54 billion, up 7.4% year-over-year.
• The company declared a quarterly dividend of $1.10 per share, resulting in an annualized yield of 1.5% and a payout ratio of 19.46%.

KLP Kapitalforvaltning AS boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,679 shares of the insurance provider's stock after acquiring an additional 900 shares during the period. KLP Kapitalforvaltning AS's holdings in Travelers Companies were worth $21,585,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TRV. Brighton Jones LLC lifted its holdings in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the fourth quarter worth about $276,000. Wedmont Private Capital lifted its holdings in Travelers Companies by 13.0% in the first quarter. Wedmont Private Capital now owns 2,978 shares of the insurance provider's stock worth $730,000 after acquiring an additional 342 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Travelers Companies by 25.3% in the first quarter. Park Avenue Securities LLC now owns 12,499 shares of the insurance provider's stock worth $3,306,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in Travelers Companies by 58.6% in the first quarter. Capital Investment Advisors LLC now owns 2,394 shares of the insurance provider's stock worth $633,000 after acquiring an additional 885 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $285.21 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $226.11 and a 12 month high of $286.89. The stock has a market cap of $64.21 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.25 and a beta of 0.51. The stock's 50 day moving average price is $272.67 and its 200 day moving average price is $265.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the company earned $2.51 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies's payout ratio is presently 19.46%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Wolfe Research initiated coverage on Travelers Companies in a report on Monday, September 15th. They set a "peer perform" rating on the stock. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Travelers Companies in a report on Saturday, September 27th. Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Finally, UBS Group lifted their price target on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $285.44.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies 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 completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

About Travelers Companies

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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