The Travelers Companies, Inc. $TRV Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its stake in The Travelers Companies by 10.0% during the 2nd quarter, owning 140,534 shares valued at approximately $37.6 million.
• Multiple hedge funds significantly increased their holdings in Travelers Companies, with GAMMA Investing LLC raising its position by 31,132.9%, acquiring over 2.2 million shares worth roughly $582.7 million.
• Travelers Companies reported earnings of $6.51 EPS for the last quarter, exceeding analysts' expectations of $3.52 EPS, alongside a 7.4% growth in revenue year-over-year.

Swedbank AB boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,534 shares of the insurance provider's stock after acquiring an additional 12,778 shares during the period. Swedbank AB owned 0.06% of Travelers Companies worth $37,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Cornerstone Planning Group LLC raised its position in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $26,000. Ameriflex Group Inc. purchased a new stake in Travelers Companies in the 4th quarter worth approximately $26,000. Putney Financial Group LLC purchased a new stake in Travelers Companies in the 4th quarter worth approximately $26,000. Finally, Nova Wealth Management Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $32,000. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction 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 disclosure for this sale can be found here. Company insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRV. Citigroup began coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Wolfe Research began coverage on Travelers Companies in a research note on Monday, September 15th. They issued a "peer perform" rating for the company. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $284.56.

Travelers Companies Trading Down 0.3%

TRV traded down $0.84 during trading on Friday, reaching $277.07. The company had a trading volume of 2,499,830 shares, compared to its average volume of 1,101,144. The stock has a market cap of $62.38 billion, a P/E ratio of 12.25, a PEG ratio of 3.18 and a beta of 0.53. The business has a 50 day simple moving average of $268.10 and a 200-day simple moving average of $264.11. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. 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 released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter last year, the firm posted $2.51 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

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.