Nordea Investment Management AB Acquires 357,687 Shares of The Travelers Companies, Inc. $TRV

Nordea Investment Management AB lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1,641.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,480 shares of the insurance provider’s stock after acquiring an additional 357,687 shares during the period. Nordea Investment Management AB owned approximately 0.17% of Travelers Companies worth $105,537,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Avalon Trust Co grew its position in Travelers Companies by 23.4% during the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after buying an additional 1,429 shares in the last quarter. CWM LLC raised its holdings in Travelers Companies by 11.3% in the 3rd quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock valued at $37,735,000 after acquiring an additional 13,758 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Travelers Companies by 16.4% during the 2nd quarter. Cerity Partners LLC now owns 102,911 shares of the insurance provider’s stock valued at $27,533,000 after acquiring an additional 14,484 shares during the period. AQR Capital Management LLC grew its holdings in shares of Travelers Companies by 1.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,454,118 shares of the insurance provider’s stock worth $384,752,000 after purchasing an additional 22,382 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Travelers Companies by 21.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 45,078 shares of the insurance provider’s stock worth $12,587,000 after purchasing an additional 8,090 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 3.3%

TRV stock opened at $271.22 on Wednesday. The firm has a 50-day moving average price of $286.81 and a 200-day moving average price of $275.29. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $296.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $60.50 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 2.68 and a beta of 0.52.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.24 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the transaction, the executive vice president directly owned 117,596 shares in the company, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,295 shares of company stock valued at $13,011,918 over the last quarter. 1.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TRV shares. UBS Group boosted their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Barclays reduced their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Finally, Piper Sandler lifted their price objective on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $299.19.

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.