The Travelers Companies, Inc. $TRV Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,720 shares of the insurance provider’s stock after selling 2,172 shares during the period. E. Ohman J or Asset Management AB’s holdings in Travelers Companies were worth $2,239,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TRV. Avanza Fonder AB increased its stake in shares of Travelers Companies by 19.9% in the 4th quarter. Avanza Fonder AB now owns 19,844 shares of the insurance provider’s stock worth $5,756,000 after acquiring an additional 3,292 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in shares of Travelers Companies by 25.3% during the 4th quarter. Appleton Partners Inc. MA now owns 2,107 shares of the insurance provider’s stock worth $611,000 after acquiring an additional 425 shares during the period. Tompkins Financial Corp boosted its position in shares of Travelers Companies by 8.6% during the 4th quarter. Tompkins Financial Corp now owns 622 shares of the insurance provider’s stock valued at $180,000 after acquiring an additional 49 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Travelers Companies by 12.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 219,988 shares of the insurance provider’s stock valued at $62,732,000 after purchasing an additional 24,495 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of Travelers Companies by 6.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,559 shares of the insurance provider’s stock valued at $737,000 after purchasing an additional 156 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on TRV shares. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Cantor Fitzgerald raised their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Evercore lifted their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $306.79.

Travelers Companies Stock Performance

NYSE:TRV opened at $292.97 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $313.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day moving average price of $294.39 and a 200 day moving average price of $285.66. The stock has a market capitalization of $63.35 billion, a P/E ratio of 10.64, a PEG ratio of 2.75 and a beta of 0.49.

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

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s payout ratio is currently 15.98%.

Travelers Companies declared that its board has approved a stock buyback program on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the 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 transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of the firm’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 owned 117,596 shares of the company’s stock, valued at $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,845 shares of company stock worth $27,239,631 over the last quarter. 1.46% of the stock is owned by corporate insiders.

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.