68,259 Shares in The Travelers Companies, Inc. $TRV Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,259 shares of the insurance provider’s stock, valued at approximately $15,050,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $6,915,909,000. Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter worth $723,339,000. Bank of New York Mellon Corp acquired a new position in Travelers Companies in the second quarter valued at about $469,505,000. Deutsche Bank AG acquired a new position in Travelers Companies in the second quarter valued at about $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Travelers Companies during the second quarter worth about $205,539,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the topic of a number of analyst reports. Roth Capital increased their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Mizuho boosted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Barclays upped their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Finally, Citigroup restated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $354.26.

Insider Activity

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $367.96 on Wednesday. The stock has a 50-day moving average price of $348.71 and a two-hundred day moving average price of $316.68. 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 capitalization of $76.74 billion, a PE ratio of 9.85, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.

Travelers Companies 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.