PensionDanmark Pensionsforsikringsaktieselskab Raises Holdings in The Travelers Companies, Inc. $TRV

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 55,882 shares of the insurance provider’s stock after purchasing an additional 3,337 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Travelers Companies were worth $18,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $723,339,000. State Street Corp raised its holdings in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd boosted its position in Travelers Companies by 102.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after buying an additional 458,746 shares during the period. Amundi boosted its position in Travelers Companies by 36.6% during the 1st quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock valued at $406,155,000 after buying an additional 373,061 shares during the period. Finally, Woodline Partners LP bought a new stake in Travelers Companies in the 3rd quarter worth $99,680,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.4%

Shares of NYSE TRV opened at $384.44 on Friday. The firm has a fifty day simple moving average of $338.11 and a two-hundred day simple moving average of $311.80. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $80.18 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is presently 13.39%.

Insider Activity at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last three months. 1.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRV. Evercore set a $329.00 price objective on shares of Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Piper Sandler boosted their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Barclays upped their price target on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.