Ontario Teachers Pension Plan Board Takes $405,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Ontario Teachers Pension Plan Board acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, HoldingsChannel reports. The fund acquired 1,729 shares of the insurance provider’s stock, valued at approximately $405,000.

Several other institutional investors also recently bought and sold shares of TRV. Acadian Asset Management LLC boosted its position in Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after acquiring an additional 678,241 shares in the last quarter. International Assets Investment Management LLC boosted its position in Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Travelers Companies in the first quarter valued at about $88,190,000. Renaissance Technologies LLC raised its holdings in Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after purchasing an additional 230,612 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Citigroup boosted their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Finally, Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Price Performance

Shares of TRV opened at $262.47 on Friday. The company has a market capitalization of $59.59 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.24 and a beta of 0.62. The business’s 50-day moving average is $246.83 and its two-hundred day moving average is $225.94. 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 Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the business earned $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. Research analysts predict that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,409 shares of company stock worth $19,305,504. 1.33% of the stock is owned by company insiders.

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.