Handelsbanken Fonder AB Acquires 7,231 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Handelsbanken Fonder AB lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,074 shares of the insurance provider’s stock after purchasing an additional 7,231 shares during the period. Handelsbanken Fonder AB’s holdings in Travelers Companies were worth $13,267,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies during the 4th quarter worth $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc raised its stake in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 0.6 %

Shares of TRV opened at $239.90 on Friday. The stock has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50 day simple moving average is $242.04 and its 200-day simple moving average is $241.51. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year 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. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRV. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Tuesday, December 10th. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $261.05.

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.