AMF Tjanstepension AB Purchases 60,655 Shares of The Travelers Companies, Inc. (NYSE:TRV)

AMF Tjanstepension AB boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 86.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,211 shares of the insurance provider's stock after purchasing an additional 60,655 shares during the period. AMF Tjanstepension AB owned about 0.06% of Travelers Companies worth $31,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its position in shares of Travelers Companies by 29.7% in the third quarter. Concurrent Investment Advisors LLC now owns 3,525 shares of the insurance provider's stock valued at $825,000 after acquiring an additional 808 shares during the last quarter. Graypoint LLC raised its stake in shares of Travelers Companies by 4.4% during the 3rd quarter. Graypoint LLC now owns 3,183 shares of the insurance provider's stock worth $745,000 after purchasing an additional 135 shares in the last quarter. Stiles Financial Services Inc boosted its holdings in shares of Travelers Companies by 1.8% in the 3rd quarter. Stiles Financial Services Inc now owns 2,655 shares of the insurance provider's stock valued at $622,000 after buying an additional 47 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Travelers Companies in the third quarter valued at $119,000. Finally, Equitable Trust Co. grew its stake in shares of Travelers Companies by 12.1% in the third quarter. Equitable Trust Co. now owns 4,362 shares of the insurance provider's stock valued at $1,021,000 after buying an additional 471 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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Travelers Companies Stock Performance

Shares of TRV traded down $2.26 during mid-day trading on Wednesday, hitting $252.30. 1,671,064 shares of the company's stock were exchanged, compared to its average volume of 1,174,854. 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 Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock's 50-day simple moving average is $245.35 and its 200-day simple moving average is $245.34. The firm has a market cap of $57.20 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The firm 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 company's 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, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Analysts Set New Price Targets

A number of analysts have commented on TRV shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $261.05.

Travelers Companies Company 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.