BI Asset Management Fondsmaeglerselskab A S Decreases Stock Position in The Travelers Companies, Inc. $TRV

BI Asset Management Fondsmaeglerselskab A S cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,385 shares of the insurance provider’s stock after selling 9,402 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Travelers Companies were worth $34,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TRV. Norges Bank acquired a new position in Travelers Companies during the fourth quarter worth about $723,339,000. State Street Corp raised its holdings in Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in Travelers Companies by 102.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after acquiring an additional 458,746 shares during the last quarter. Woodline Partners LP purchased a new position in Travelers Companies in the 3rd quarter worth approximately $99,680,000. Finally, AQR Capital Management LLC lifted its stake in Travelers Companies by 22.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after purchasing an additional 331,170 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. The trade was a 12.14% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 0.1%

Shares of NYSE:TRV opened at $307.48 on Friday. The business has a 50-day moving average price of $301.35 and a 200 day moving average price of $294.99. 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 company has a market capitalization of $65.39 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.78 and a beta of 0.48. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $313.12.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid a $1.25 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s payout ratio is presently 14.88%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TRV shares. BMO Capital Markets boosted 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. Seaport Research Partners set a $322.00 price target on Travelers Companies in a report on Tuesday, May 26th. Bank of America reduced their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Evercore reissued an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Finally, Roth Mkm restated a “buy” rating on shares of Travelers Companies 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, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $309.07.

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.