317,336 Shares in The Travelers Companies, Inc. $TRV Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 317,336 shares of the insurance provider’s stock, valued at approximately $104,759,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Royal Capital Wealth Management LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $1,035,000. Legal & General Group Plc purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $558,164,000. The Manufacturers Life Insurance Company bought a new stake in Travelers Companies during the 2nd quarter worth approximately $43,658,000. The Manufacturers Life Insurance Company bought a new stake in Travelers Companies during the 2nd quarter worth approximately $271,418,000. Finally, Jones Financial Companies Lllp purchased a new position in Travelers Companies during the second quarter valued at approximately $19,770,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.4%

Travelers Companies stock opened at $371.02 on Thursday. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The firm’s 50 day moving average price is $356.08 and its 200-day moving average price is $319.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $77.39 billion, a P/E ratio of 9.94, a PEG ratio of 3.51 and a beta of 0.45.

Travelers Companies (NYSE:TRVGet Free Report) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.51 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research note on Tuesday, May 26th. Roth Capital lifted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Finally, Citigroup restated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $354.26.

View Our Latest Report on TRV

Insider Buying and Selling at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 52,667 shares of company stock worth $19,611,829. Insiders own 1.39% of the company’s stock.

About Travelers Companies

(Free Report)

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.

See Also

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

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