The Travelers Companies, Inc. $TRV Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 98.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,484 shares of the insurance provider’s stock after purchasing an additional 67,881 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.06% of Travelers Companies worth $36,803,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRV. Osterweis Capital Management Inc. lifted its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the second quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Quaker Wealth Management LLC lifted its position in Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the period. Finally, Clayton Financial Group LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $294.95 on Thursday. The stock’s 50 day moving average price is $284.57 and its 200 day moving average price is $277.40. The firm has a market cap of $65.79 billion, a P/E ratio of 10.71, a PEG ratio of 2.67 and a beta of 0.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $296.85.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.15 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies declared that its board has authorized a stock buyback program on Wednesday, January 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s payout ratio is 15.98%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,337,225. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the sale, the executive vice president owned 117,596 shares in the company, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,435 shares of company stock valued at $8,410,486 over the last 90 days. Insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TRV shares. Piper Sandler increased their target price on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Evercore ISI upped their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Finally, Barclays cut their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $303.00.

About Travelers Companies

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.