4,417 Shares in The Travelers Companies, Inc. $TRV Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, HoldingsChannel reports. The fund acquired 4,417 shares of the insurance provider’s stock, valued at approximately $1,182,000.

Several other institutional investors also recently bought and sold shares of TRV. Avalon Trust Co boosted its stake in shares of Travelers Companies by 23.4% in the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after buying an additional 1,429 shares in the last quarter. PFG Advisors boosted its position in shares of Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after buying an additional 2,217 shares in the last quarter. Atlas Capital Advisors Inc. grew its position in shares of Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after purchasing an additional 4,098 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Travelers Companies by 25.4% during the 1st quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after buying an additional 97,247 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its stake in shares of Travelers Companies by 702.5% during the first quarter. Jefferies Financial Group Inc. now owns 11,459 shares of the insurance provider’s stock valued at $3,030,000 after acquiring an additional 10,031 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,337,225. This represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 54,195 shares of company stock worth $15,042,229. Insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on TRV shares. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Wolfe Research assumed coverage on shares of Travelers Companies in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Stock Performance

Travelers Companies stock opened at $286.95 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $290.61. The company has a fifty day moving average price of $275.29 and a two-hundred day moving average price of $269.69. The company has a market cap of $64.01 billion, a PE ratio of 11.28, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the company earned $5.24 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

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.