E. Ohman J or Asset Management AB Buys 350 Shares of The Travelers Companies, Inc. (NYSE:TRV)

E. Ohman J or Asset Management AB increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,242 shares of the insurance provider’s stock after acquiring an additional 350 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Travelers Companies were worth $2,467,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Czech National Bank grew its position in shares of Travelers Companies by 6.4% in the third quarter. Czech National Bank now owns 46,431 shares of the insurance provider’s stock valued at $10,870,000 after purchasing an additional 2,795 shares during the last quarter. GAMMA Investing LLC grew its holdings in Travelers Companies by 27.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,258 shares of the insurance provider’s stock valued at $1,465,000 after buying an additional 1,332 shares in the last quarter. Miracle Mile Advisors LLC increased its position in Travelers Companies by 1.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,918 shares of the insurance provider’s stock worth $3,961,000 after buying an additional 181 shares during the period. Bangor Savings Bank lifted its holdings in shares of Travelers Companies by 56.3% during the third quarter. Bangor Savings Bank now owns 300 shares of the insurance provider’s stock worth $70,000 after buying an additional 108 shares in the last quarter. Finally, Aprio Wealth Management LLC bought a new stake in shares of Travelers Companies in the third quarter valued at about $228,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRV. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Trading Down 0.1 %

Shares of TRV stock opened at $244.29 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The stock’s fifty day simple moving average is $246.42 and its 200 day simple moving average is $238.89. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $55.46 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.07 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $7.01 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 20.6 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared 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 1.72%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 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.