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

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 129,787 shares of the insurance provider’s stock after selling 6,697 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Travelers Companies were worth $36,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Pinebridge Investments LLC acquired a new position in Travelers Companies during the fourth quarter worth about $19,364,000. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Travelers Companies during the fourth quarter worth about $11,371,000. Parallel Advisors LLC grew its holdings in Travelers Companies by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 7,052 shares of the insurance provider’s stock worth $2,046,000 after acquiring an additional 163 shares during the period. Total Wealth Planning & Management Inc. acquired a new position in Travelers Companies during the fourth quarter worth about $525,000. Finally, SlateStone Wealth LLC grew its holdings in Travelers Companies by 4.9% during the fourth quarter. SlateStone Wealth LLC now owns 6,286 shares of the insurance provider’s stock worth $1,823,000 after acquiring an additional 292 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on TRV shares. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Wells Fargo & Company lifted their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Piper Sandler lifted their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, BMO Capital Markets lifted their target price on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $311.47.

Travelers Companies Trading Up 3.3%

Shares of NYSE TRV opened at $303.13 on Friday. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $313.12. The firm has a market capitalization of $64.46 billion, a PE ratio of 9.02, a PEG ratio of 2.65 and a beta of 0.48. 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 business has a 50-day moving average price of $299.04 and a two-hundred day moving average price of $294.00.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the company posted $1.91 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

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

Insider Activity

In other news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. The trade was a 35.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 37,573 shares of company stock worth $11,504,146. Corporate insiders own 1.39% of the company’s stock.

About Travelers Companies

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.