AMF Tjanstepension AB Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

AMF Tjanstepension AB grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 86.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,211 shares of the insurance provider’s stock after buying an additional 60,655 shares during the period. AMF Tjanstepension AB’s holdings in Travelers Companies were worth $31,619,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. YANKCOM Partnership purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $27,000. True Wealth Design LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc purchased a new position in Travelers Companies in the 4th quarter worth approximately $44,000. Providence First Trust Co purchased a new position in Travelers Companies in the 4th quarter worth approximately $48,000. Finally, Versant Capital Management Inc lifted its holdings in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRV. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, BMO Capital Markets lifted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Performance

NYSE TRV opened at $258.09 on Friday. The company has a market cap of $58.51 billion, a P/E ratio of 12.02, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The business’s 50 day moving average price is $244.74 and its 200-day moving average price is $244.45. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.01 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.