KLP Kapitalforvaltning AS Purchases 31,040 Shares of The Travelers Companies, Inc. $TRV

KLP Kapitalforvaltning AS lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 29.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,019 shares of the insurance provider’s stock after purchasing an additional 31,040 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Travelers Companies were worth $39,164,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FORM Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth about $270,000. Hudson Value Partners LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth about $248,000. Optas LLC increased its holdings in shares of Travelers Companies by 8.1% in the fourth quarter. Optas LLC now owns 869 shares of the insurance provider’s stock worth $252,000 after purchasing an additional 65 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Travelers Companies by 18.1% in the fourth quarter. Evergreen Capital Management LLC now owns 2,296 shares of the insurance provider’s stock worth $666,000 after purchasing an additional 352 shares during the last quarter. Finally, Busey Bank increased its holdings in shares of Travelers Companies by 2.6% in the fourth quarter. Busey Bank now owns 1,706 shares of the insurance provider’s stock worth $495,000 after purchasing an additional 43 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maria Olivo sold 10,400 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the sale, the executive vice president directly owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 112,126 shares of company stock valued at $33,103,977 over the last ninety days. 1.39% of the stock is currently owned by company insiders.

Key Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: BMO Capital and other firms raised targets / reiterated support after Travelers’ strong Q1 results (EPS and revenue beat), which is driving upside analyst momentum. BMO Capital Lifts Travelers (TRV)
• Positive Sentiment: Keefe, Bruyette & Woods and other analysts have signaled positive outlooks — Keefe says TRV’s stock is expected to rise, reinforcing buy-side sentiment. Keefe, Bruyette & Woods: Stock Price Expected to Rise
• Positive Sentiment: Corporate capital returns remain bullish: the board authorized up to $5.0B in buybacks and raised the quarterly dividend to $1.25 — supports earnings per share and shareholder income. MarketBeat: TRV Buybacks & Dividend
• Neutral Sentiment: Mizuho reiterated a “hold” (keeps a neutral stance and trimmed its prior target), which limits near‑term analyst conviction from that shop. Mizuho Sticks to Hold
• Negative Sentiment: Several executive VPs disclosed sizeable share sales (multiple Form 4 filings), including Diane Kurtzman, Jeffrey Klenk and Michael Klein — these insider disposals can be perceived as near‑term selling pressure or diversification. Insider Trades Alert: EVP Sales

Analyst Ratings Changes

TRV has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, January 7th. Argus raised Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Mizuho reduced their target price on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Finally, Barclays boosted their price objective on Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $309.13.

Travelers Companies Trading Up 0.0%

Shares of NYSE TRV opened at $301.49 on Thursday. The business’s 50 day moving average is $299.76 and its two-hundred day moving average is $288.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The stock has a market capitalization of $64.11 billion, a P/E ratio of 8.97, a PEG ratio of 2.73 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 27.83 EPS for the current year.

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

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.7%. Travelers Companies’s payout ratio is presently 14.88%.

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.