Nordea Investment Management AB Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Nordea Investment Management AB increased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 645,650 shares of the insurance provider's stock after purchasing an additional 86,928 shares during the period. Nordea Investment Management AB owned approximately 0.28% of Travelers Companies worth $155,008,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies during the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth $50,000. Finally, Versant Capital Management Inc boosted its holdings in shares of 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 purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Down 0.2 %

Shares of NYSE:TRV traded down $0.55 during midday trading on Tuesday, reaching $241.33. The company's stock had a trading volume of 1,460,648 shares, compared to its average volume of 1,166,337. The Travelers Companies, Inc. has a fifty-two week low of $189.87 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50 day moving average price of $251.20 and a two-hundred day moving average price of $234.32. The firm has a market capitalization of $54.79 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company's revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is currently 21.54%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRV shares. Piper Sandler reduced their price objective on Travelers Companies from $280.00 to $259.00 and set a "neutral" rating on the stock in a research note on Monday. Royal Bank of Canada raised their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. UBS Group upped their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a research note on Tuesday, October 22nd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $253.45.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares of the company's stock, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company's stock.

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.