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

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 98.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,484 shares of the insurance provider’s stock after acquiring an additional 67,881 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Travelers Companies were worth $36,803,000 as of its most recent SEC filing.

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

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $294.95 on Thursday. The firm has a market cap of $65.79 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.67 and a beta of 0.51. The firm’s 50-day simple moving average is $284.57 and its 200-day simple moving average is $277.40. 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 announced its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $11.13 billion. During the same period in the previous year, the company earned $9.15 earnings per share. Travelers Companies’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Travelers Companies declared that its board has approved a stock buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Mizuho cut their target price on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings lowered shares of Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 26th. Finally, Roth Mkm upped their price target on shares of Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $303.00.

Insider Buying and Selling

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $279.77, for a total value of $4,675,516.24. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the completion of the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,435 shares of company stock worth $8,410,486 over the last ninety days. 1.46% of the stock is owned by insiders.

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.