DNB Asset Management AS increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 53.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,503 shares of the insurance provider’s stock after purchasing an additional 24,230 shares during the quarter. DNB Asset Management AS’s holdings in Travelers Companies were worth $13,240,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of TRV. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter worth $239,875,000. Barclays PLC lifted its holdings in Travelers Companies by 215.5% in the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock valued at $159,378,000 after acquiring an additional 626,837 shares during the period. Clearbridge Investments LLC lifted its holdings in Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the period. Morgan Stanley lifted its holdings in Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after acquiring an additional 539,294 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Travelers Companies by 1,826.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after acquiring an additional 486,098 shares during the period. 81.12% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,775 shares of company stock valued at $23,343,903. Corporate insiders own 1.29% of the company’s stock.
Travelers Companies Trading Down 0.2 %
Shares of NYSE TRV traded down $0.49 during midday trading on Friday, hitting $220.93. The stock had a trading volume of 2,157,568 shares, compared to its average volume of 1,576,970. The company has a market capitalization of $50.62 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.16 and a beta of 0.58. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $224.00. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $212.94 and a 200 day moving average price of $186.23.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating the consensus estimate of $5.10 by $1.91. The business had revenue of $10.93 billion for the quarter, compared to analyst estimates of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.40 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 17.67 earnings per share for the current year.
Travelers Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, March 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on TRV shares. Janney Montgomery Scott started coverage on Travelers Companies in a research note on Wednesday, December 20th. They set a “buy” rating and a $215.00 price target for the company. Raymond James lifted their price target on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. UBS Group lifted their price target on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. TD Cowen initiated coverage on Travelers Companies in a research note on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target for the company. Finally, Citigroup lifted their price objective on Travelers Companies from $185.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $201.38.
Check Out Our Latest Research Report on TRV
Travelers Companies 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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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