Swedbank AB Has $42.48 Million Holdings in The Travelers Companies, Inc. $TRV

Swedbank AB increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 146,458 shares of the insurance provider’s stock after acquiring an additional 6,620 shares during the quarter. Swedbank AB’s holdings in Travelers Companies were worth $42,482,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after acquiring an additional 110,311 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after acquiring an additional 119,481 shares during the period. AQR Capital Management LLC raised its holdings in shares of Travelers Companies by 22.8% during the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after acquiring an additional 331,170 shares during the period. UBS Group AG raised its holdings in shares of Travelers Companies by 5.3% during the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Travelers Companies by 2.7% during the third quarter. Legal & General Group Plc now owns 1,670,016 shares of the insurance provider’s stock valued at $466,302,000 after acquiring an additional 43,589 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $306.67 on Monday. 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 company has a market capitalization of $65.21 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 2.76 and a beta of 0.50. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The firm has a 50 day moving average of $299.45 and a two-hundred day moving average of $293.05.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 28.03 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a $1.25 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is presently 13.09%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. BMO Capital Markets boosted their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $309.13.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,573 shares of company stock valued at $8,427,646. 1.39% of the stock is owned by company 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.