OMERS ADMINISTRATION Corp Takes Position in The Travelers Companies, Inc. $TRV

OMERS ADMINISTRATION Corp acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 93,562 shares of the insurance provider’s stock, valued at approximately $20,629,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the second quarter valued at $6,915,909,000. Norges Bank acquired a new position in Travelers Companies in the 4th quarter valued at about $723,339,000. GQG Partners LLC purchased a new position in Travelers Companies in the 2nd quarter valued at about $789,024,000. Bank of New York Mellon Corp acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $469,505,000. Finally, Deutsche Bank AG acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $301,772,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Roth Capital boosted their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Evercore set a $329.00 price target on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, Seaport Research Partners set a $322.00 price target on Travelers Companies in a research note on Tuesday, May 26th. Four investment 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, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Trading Up 0.1%

NYSE TRV opened at $363.83 on Monday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a 50-day moving average of $352.28 and a 200-day moving average of $318.35. 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 company has a market cap of $75.89 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the company earned $6.51 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 over the last 90 days. 1.39% of the stock is currently owned by insiders.

About Travelers Companies

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.