Forsta AP Fonden Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Forsta AP Fonden decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,000 shares of the insurance provider’s stock after selling 28,800 shares during the quarter. Forsta AP Fonden’s holdings in Travelers Companies were worth $11,563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TRV. FMR LLC boosted its position in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the period. International Assets Investment Management LLC lifted its position in Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the period. Bank of Montreal Can grew its stake in shares of Travelers Companies by 66.9% in the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after buying an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Travelers Companies in the 3rd quarter worth about $54,988,000. Finally, Janus Henderson Group PLC raised its holdings in Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after acquiring an additional 232,428 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $249.02 on Friday. The company has a 50 day moving average of $247.33 and a two-hundred day moving average of $238.15. The company has a quick ratio of 0.34, 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 $269.55. The company has a market cap of $56.53 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm earned $7.01 EPS. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.69%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TRV. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. BMO Capital Markets raised their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $260.47.

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.