KLP Kapitalforvaltning AS Invests $18.69 Million in The Travelers Companies, Inc. (NYSE:TRV)

KLP Kapitalforvaltning AS bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 77,579 shares of the insurance provider's stock, valued at approximately $18,688,000.

Several other hedge funds have also made changes to their positions in TRV. Thrivent Financial for Lutherans grew its position in Travelers Companies by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider's stock worth $3,982,000 after acquiring an additional 1,360 shares during the period. Cerity Partners LLC grew its holdings in shares of Travelers Companies by 9.7% during the 3rd quarter. Cerity Partners LLC now owns 73,777 shares of the insurance provider's stock worth $17,273,000 after purchasing an additional 6,551 shares during the period. Swedbank AB grew its holdings in shares of Travelers Companies by 8.2% during the 3rd quarter. Swedbank AB now owns 123,619 shares of the insurance provider's stock worth $28,942,000 after purchasing an additional 9,377 shares during the period. Larson Financial Group LLC increased its position in shares of Travelers Companies by 191.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,207 shares of the insurance provider's stock worth $517,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Journey Advisory Group LLC raised its holdings in Travelers Companies by 15.3% in the 3rd quarter. Journey Advisory Group LLC now owns 3,010 shares of the insurance provider's stock valued at $705,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Travelers Companies Stock Up 0.3 %

Travelers Companies stock traded up $0.68 during midday trading on Friday, reaching $263.36. The company's stock had a trading volume of 173,903 shares, compared to its average volume of 1,369,568. The company has a market cap of $59.71 billion, a P/E ratio of 12.27, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $250.11 and a 200-day simple moving average of $247.75. 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 - Get Free Report) last issued its 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 business had revenue of $12.01 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $7.01 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio is presently 19.56%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRV. BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company lifted 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. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $260.00.

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.