Public Sector Pension Investment Board Has $9.28 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Public Sector Pension Investment Board boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,630 shares of the insurance provider’s stock after buying an additional 800 shares during the period. Public Sector Pension Investment Board’s holdings in Travelers Companies were worth $9,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter valued at about $35,000. Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the period. Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC grew its position in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $266.04 on Friday. The firm has a market cap of $60.40 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The business’s 50 day moving average is $249.31 and its 200-day moving average is $227.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $177.61 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 in the last quarter. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Roth Mkm lifted their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $251.15.

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.