Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Travelers Companies Inc (NYSE:TRV) by 13.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,889 shares of the insurance provider’s stock after selling 1,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Travelers Companies were worth $1,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fieldpoint Private Securities LLC purchased a new stake in shares of Travelers Companies during the third quarter valued at $106,000. Valeo Financial Advisors LLC purchased a new stake in shares of Travelers Companies during the third quarter valued at $108,000. Intellectus Partners LLC boosted its stake in shares of Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares during the period. Omnia Family Wealth LLC boosted its stake in shares of Travelers Companies by 4.7% during the second quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares during the period. Finally, Security National Trust Co. boosted its stake in shares of Travelers Companies by 260.9% during the third quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 754 shares during the period. 78.50% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “buy” rating and set a $148.00 target price on shares of Travelers Companies in a research note on Friday, December 8th. Morgan Stanley boosted their target price on shares of Travelers Companies from $119.00 to $124.00 and gave the company an “underweight” rating in a research note on Friday, October 20th. Argus boosted their target price on shares of Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and an average price target of $134.38.

In related news, EVP Maria Olivo sold 33,225 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total value of $4,458,130.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the sale, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by insiders.

Shares of Travelers Companies Inc (NYSE TRV) opened at $137.85 on Friday. Travelers Companies Inc has a one year low of $113.76 and a one year high of $137.99. The firm has a market cap of $37,730.00, a PE ratio of 15.95, a P/E/G ratio of 1.87 and a beta of 1.25. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the company earned $2.40 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Travelers Companies Inc will post 6.64 EPS for the current year.

Travelers Companies announced that its board has approved a stock buyback plan on Thursday, November 9th that permits the company to buyback shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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About Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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

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