187,446 Shares in The Travelers Companies, Inc. $TRV Purchased by Danske Bank A S

Danske Bank A S acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 187,446 shares of the insurance provider’s stock, valued at approximately $52,339,000. Danske Bank A S owned approximately 0.08% of Travelers Companies at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after buying an additional 313,449 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Travelers Companies by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after acquiring an additional 119,481 shares during the period. Norges Bank purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $815,013,000. AQR Capital Management LLC boosted its position in shares of Travelers Companies by 22.8% during 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. Finally, Legal & General Group Plc grew its stake in shares of Travelers Companies by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 1,670,016 shares of the insurance provider’s stock worth $466,302,000 after purchasing an additional 43,589 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the transaction, the executive vice president directly owned 117,596 shares in the company, valued at approximately $35,366,997. This represents a 8.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 92,845 shares of company stock worth $27,239,631 in the last ninety days. 1.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TRV shares. Evercore boosted their price objective on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Barclays dropped their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. The Goldman Sachs Group lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target on the stock. in a research note on Wednesday, January 7th. Citigroup restated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lifted 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. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $304.33.

Travelers Companies Stock Performance

NYSE:TRV opened at $299.24 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $64.71 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 2.85 and a beta of 0.49. The firm has a 50-day moving average price of $293.11 and a two-hundred day moving average price of $285.02. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $313.12.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.34 by $2.79. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.15 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Travelers Companies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 15.98%.

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.