Andra AP fonden boosted its position in shares of Travelers Companies Inc (NYSE:TRV) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,600 shares of the insurance provider’s stock after buying an additional 900 shares during the period. Andra AP fonden’s holdings in Travelers Companies were worth $8,639,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Hartford Financial Management Inc. acquired a new stake in Travelers Companies during the second quarter worth about $205,000. Valeo Financial Advisors LLC acquired a new stake in Travelers Companies during the second quarter worth about $464,000. Nuance Investments LLC grew its stake in Travelers Companies by 16.2% during the second quarter. Nuance Investments LLC now owns 630,719 shares of the insurance provider’s stock worth $77,162,000 after buying an additional 88,049 shares in the last quarter. Sky Investment Group LLC acquired a new stake in Travelers Companies during the second quarter worth about $1,026,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Travelers Companies during the second quarter worth about $248,000. Hedge funds and other institutional investors own 79.02% of the company’s stock.
A number of brokerages have issued reports on TRV. TheStreet downgraded shares of Travelers Companies from a “b” rating to a “c+” rating in a research note on Thursday, July 19th. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. MKM Partners reduced their price target on shares of Travelers Companies to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 24th. B. Riley raised their price target on shares of Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Citigroup raised their price target on shares of Travelers Companies from $144.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $137.93.
In related news, Vice Chairman Jay S. Benet sold 8,876 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total value of $1,171,632.00. Following the completion of the transaction, the insider now owns 94,176 shares in the company, valued at approximately $12,431,232. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 8,892 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the completion of the transaction, the executive vice president now owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
TRV opened at $126.44 on Thursday. Travelers Companies Inc has a 1-year low of $120.74 and a 1-year high of $150.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $34.72 billion, a PE ratio of 17.37, a P/E/G ratio of 1.03 and a beta of 1.25.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.62). Travelers Companies had a net margin of 6.89% and a return on equity of 8.84%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.35 billion. On average, analysts expect that Travelers Companies Inc will post 9.95 earnings per share for the current year.
About Travelers Companies
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.
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