Travelers Companies Inc (TRV) Stake Lessened by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of Travelers Companies Inc (NYSE:TRV) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,889 shares of the insurance provider’s stock after selling 1,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Travelers Companies were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. raised its position in shares of Travelers Companies by 1.0% during the second quarter. TCI Wealth Advisors Inc. now owns 3,032 shares of the insurance provider’s stock valued at $384,000 after buying an additional 29 shares during the last quarter. Laurel Wealth Advisors Inc. raised its position in shares of Travelers Companies by 1.4% during the second quarter. Laurel Wealth Advisors Inc. now owns 2,116 shares of the insurance provider’s stock valued at $267,000 after buying an additional 29 shares during the last quarter. Courier Capital LLC raised its position in shares of Travelers Companies by 1.4% during the second quarter. Courier Capital LLC now owns 2,317 shares of the insurance provider’s stock valued at $293,000 after buying an additional 33 shares during the last quarter. Intellectus Partners LLC raised its position in shares of Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares during the last quarter. Finally, Sandy Spring Bank raised its position in shares of Travelers Companies by 4.4% during the second quarter. Sandy Spring Bank now owns 1,070 shares of the insurance provider’s stock valued at $136,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 78.50% of the company’s stock.

Shares of Travelers Companies Inc (NYSE:TRV) opened at $137.85 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. Travelers Companies Inc has a 1 year low of $113.76 and a 1 year high of $137.99. The firm has a market cap of $37,730.00, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.87 and a beta of 1.25.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm earned $2.40 EPS. The company’s revenue was up 4.2% on a year-over-year basis. analysts forecast that Travelers Companies Inc will post 6.64 EPS for the current fiscal year.

Travelers Companies declared that its board has authorized a share buyback plan on Thursday, November 9th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the transaction, the executive vice president now owns 21,619 shares in the company, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. Insiders have sold 55,302 shares of company stock worth $7,347,753 in the last quarter. Company insiders own 0.82% of the company’s stock.

Several equities research analysts recently weighed in on TRV shares. B. Riley restated a “neutral” rating on shares of Travelers Companies in a research report on Monday, November 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $152.00 price target on shares of Travelers Companies in a research report on Wednesday, December 6th. Royal Bank of Canada boosted their price target on shares of Travelers Companies to $140.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Wells Fargo & Co set a $125.00 price target on shares of Travelers Companies and gave the stock a “hold” rating in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $134.38.

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Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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