Nykredit A S Takes Position in The Travelers Companies, Inc. $TRV

Nykredit A S acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 970,794 shares of the insurance provider’s stock, valued at approximately $320,479,000. Travelers Companies accounts for 1.0% of Nykredit A S’s portfolio, making the stock its 15th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. bought a new position in Travelers Companies during the 2nd quarter valued at $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth $26,000. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $26,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at $26,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $366.10 on Thursday. The company’s fifty day moving average is $361.50 and its two-hundred day moving average is $322.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a market cap of $76.36 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.44.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.51 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Roth Capital lifted their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 20th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Truist Financial lifted their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price on the stock. in a report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $354.26.

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.