Skandinaviska Enskilda Banken AB publ Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Skandinaviska Enskilda Banken AB publ raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 100.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,673 shares of the insurance provider’s stock after purchasing an additional 44,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Travelers Companies were worth $18,031,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in Travelers Companies by 51.1% during the 2nd quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 674 shares during the last quarter. Bridges Investment Management Inc. grew its stake in Travelers Companies by 2.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 4,409 shares of the insurance provider’s stock valued at $897,000 after purchasing an additional 94 shares during the last quarter. Ieq Capital LLC grew its stake in Travelers Companies by 13.7% during the 2nd quarter. Ieq Capital LLC now owns 12,111 shares of the insurance provider’s stock valued at $2,463,000 after purchasing an additional 1,462 shares during the last quarter. Brighton Jones LLC grew its stake in Travelers Companies by 17.4% during the 2nd quarter. Brighton Jones LLC now owns 3,036 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 449 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in Travelers Companies by 37.9% during the 2nd quarter. Intech Investment Management LLC now owns 41,053 shares of the insurance provider’s stock valued at $8,348,000 after purchasing an additional 11,286 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $238.53 on Friday. The business has a 50 day simple moving average of $221.42 and a two-hundred day simple moving average of $217.57. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The stock has a market capitalization of $54.37 billion, a P/E ratio of 17.72, a PEG ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the company earned $0.06 EPS. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Analysts Set New Price Targets

TRV has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Morgan Stanley decreased their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Piper Sandler decreased their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, Citigroup upped their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $227.05.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.33% of the company’s stock.

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.