Nordea Investment Management AB Sells 127,225 Shares of The Travelers Companies, Inc. $TRV

Nordea Investment Management AB lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 33.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 252,255 shares of the insurance provider’s stock after selling 127,225 shares during the quarter. Nordea Investment Management AB owned approximately 0.11% of Travelers Companies worth $73,338,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. lifted its position in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC boosted its position in Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Clayton Financial Group LLC acquired a new stake in Travelers Companies during the 3rd quarter worth about $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at approximately $30,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TRV shares. Brean Capital started coverage on shares of Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating on the stock. Cantor Fitzgerald boosted their target price on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Barclays dropped their price target on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Roth Mkm increased their price target on Travelers Companies from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, The Goldman Sachs Group cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective for the company. in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $306.79.

Travelers Companies Trading Down 0.3%

NYSE:TRV opened at $295.64 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $313.12. The company has a market cap of $63.93 billion, a PE ratio of 10.74, a PEG ratio of 2.76 and a beta of 0.49. The firm has a 50-day moving average of $293.95 and a 200-day moving average of $285.54.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $9.15 EPS. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Travelers Companies announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 55,733 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total value of $16,424,515.10. Following the transaction, the chief executive officer owned 260,329 shares in the company, valued at approximately $76,718,956.30. This trade represents a 17.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,845 shares of company stock worth $27,239,631 over the last three months. Company insiders own 1.46% of the company’s stock.

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.