Andra AP fonden Has $5.38 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Andra AP fonden decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,000 shares of the insurance provider’s stock after selling 2,900 shares during the period. Andra AP fonden’s holdings in Travelers Companies were worth $5,383,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pinnacle Associates Ltd. boosted its holdings in Travelers Companies by 49.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 20,752 shares of the insurance provider’s stock valued at $3,604,000 after purchasing an additional 6,881 shares during the period. MGO One Seven LLC boosted its stake in shares of Travelers Companies by 5.2% in the 1st quarter. MGO One Seven LLC now owns 8,032 shares of the insurance provider’s stock valued at $1,377,000 after purchasing an additional 398 shares during the last quarter. SlateStone Wealth LLC bought a new position in Travelers Companies during the 2nd quarter worth approximately $661,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Travelers Companies by 6.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,340 shares of the insurance provider’s stock worth $12,225,000 after acquiring an additional 4,374 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Travelers Companies by 1.8% during the 2nd quarter. UMB Bank n.a. now owns 120,832 shares of the insurance provider’s stock worth $20,984,000 after acquiring an additional 2,136 shares during the last quarter. Institutional investors and hedge funds own 81.12% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $168.62 on Wednesday. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $194.51. The business’s fifty day moving average is $165.23 and its 200 day moving average is $169.76. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $38.51 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.52 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, October 18th. The insurance provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.98). Travelers Companies had a net margin of 5.45% and a return on equity of 10.41%. The company had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.42 billion. During the same quarter last year, the business posted $2.20 earnings per share. Travelers Companies’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 11.1 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 43.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TRV shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Travelers Companies in a research note on Wednesday, October 4th. They issued a “hold” rating and a $186.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Travelers Companies from C$183.00 to C$185.00 in a report on Thursday, July 20th. StockNews.com began coverage on shares of Travelers Companies in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Wells Fargo & Company reduced their target price on shares of Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. Finally, Jefferies Financial Group reduced their target price on shares of Travelers Companies from $180.00 to $176.00 and set a “hold” rating for the company in a research report on Friday, October 6th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $191.17.

Insiders Place Their Bets

In related news, EVP Andy F. Bessette sold 3,797 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $169.38, for a total value of $643,135.86. Following the completion of the sale, the executive vice president now owns 13,005 shares in the company, valued at approximately $2,202,786.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is owned by corporate insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.