Danske Bank A S Invests $55.70 Million in The Travelers Companies, Inc. $TRV

Danske Bank A S bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, Holdings Channel reports. The fund bought 252,616 shares of the insurance provider’s stock, valued at approximately $55,699,000.

A number of other institutional investors also recently modified their holdings of TRV. HHM Wealth Advisors LLC boosted its holdings in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies during the first quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the second quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Finally, Osterweis Capital Management Inc. raised its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TRV. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Mizuho boosted their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Truist Financial increased their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. UBS Group raised their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $354.26.

Insider Activity at Travelers Companies

In other news, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This represents a 44.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This trade represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock worth $22,688,329 over the last quarter. 1.39% of the stock is owned by company insiders.

Travelers Companies Trading Up 0.9%

Shares of TRV stock opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock’s fifty day simple moving average is $348.71 and its 200 day simple moving average is $316.68. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.74 billion, a P/E ratio of 9.85, a P/E/G ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate 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 for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $6.51 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.