The Travelers Companies, Inc. $TRV Shares Purchased by DNB Asset Management AS

DNB Asset Management AS increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,627 shares of the insurance provider’s stock after purchasing an additional 2,266 shares during the period. DNB Asset Management AS’s holdings in Travelers Companies were worth $13,019,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Osterweis Capital Management Inc. lifted its stake in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC increased its stake in Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Clayton Financial Group LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at about $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRV. Evercore increased their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a research report on Wednesday, January 7th. Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, January 7th. Finally, Morgan Stanley boosted their target price on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $304.33.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $301.18, for a total value of $3,011,800.00. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. This represents a 22.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 55,733 shares of Travelers Companies stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total value of $16,424,515.10. Following the sale, the chief executive officer owned 260,329 shares in the company, valued at $76,718,956.30. This represents a 17.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 92,845 shares of company stock worth $27,239,631. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $308.53 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $309.81. The company has a market capitalization of $66.72 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 2.88 and a beta of 0.51. The business has a 50-day moving average of $289.18 and a 200-day moving average of $281.91.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping the consensus estimate of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. During the same period in the previous year, the company posted $9.15 EPS. Travelers Companies’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is 15.98%.

Travelers Companies declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Travelers Companies 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.