Forsta AP Fonden Sells 28,800 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Forsta AP Fonden lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,000 shares of the insurance provider’s stock after selling 28,800 shares during the period. Forsta AP Fonden’s holdings in Travelers Companies were worth $11,563,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. EP Wealth Advisors LLC grew its holdings in Travelers Companies by 10.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,817 shares of the insurance provider’s stock worth $573,000 after acquiring an additional 261 shares during the last quarter. Advisory Alpha LLC bought a new stake in Travelers Companies in the second quarter worth approximately $218,000. Cetera Investment Advisers lifted its position in shares of Travelers Companies by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 48,921 shares of the insurance provider’s stock valued at $9,948,000 after acquiring an additional 3,380 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Travelers Companies during the 2nd quarter worth about $67,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $9,798,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 0.2 %

Shares of TRV opened at $249.02 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The firm’s 50-day moving average price is $247.33 and its 200-day moving average price is $238.15. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the firm posted $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRV. Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Roth Mkm increased their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $260.47.

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.