SEB Asset Management AB Purchases Shares of 266,500 The Travelers Companies, Inc. $TRV

SEB Asset Management AB purchased a new stake in The Travelers Companies, Inc. (NYSE:TRVFree Report) during the first quarter, Holdings Channel reports. The fund purchased 266,500 shares of the insurance provider’s stock, valued at approximately $77,733,000.

Several other large investors have also recently made changes to their positions in TRV. HHM Wealth Advisors LLC increased 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 last quarter. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new position in Travelers Companies during the first quarter worth $26,000. Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth $28,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE:TRV opened at $369.50 on Friday. The company has a fifty day simple moving average of $314.35 and a two-hundred day simple moving average of $301.51. The company has a market cap of $78.57 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.46. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $370.43.

Travelers Companies (NYSE:TRVGet Free Report) last announced its quarterly earnings data 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 business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $6.51 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 28.39 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Activity at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the sale, the insider owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This trade represents a 12.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock worth $11,504,146 over the last quarter. 1.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $331.00 to $295.00 in a research note on Friday, June 12th. Roth Capital reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Travelers Companies in a research note on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $329.11.

Check Out Our Latest Stock Report on TRV

More Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

Travelers Companies Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVFree Report).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.