Caisse de depot et placement du Quebec Makes New Investment in The Travelers Companies, Inc. $TRV

Caisse de depot et placement du Quebec bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 407,011 shares of the insurance provider’s stock, valued at approximately $134,362,000. Caisse de depot et placement du Quebec owned approximately 0.20% of Travelers Companies as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berman McAleer LLC raised its holdings in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares during the period. Willner & Heller LLC grew its holdings in Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after purchasing an additional 32 shares during the period. Spinnaker Trust increased its position in shares of Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after buying an additional 33 shares in the last quarter. Cim LLC raised its stake in shares of Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after buying an additional 34 shares during the period. Finally, Avalon Trust Co raised its stake in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRV. Mizuho lifted their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. 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 assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Trading Up 0.4%

TRV opened at $371.02 on Thursday. 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’s 50 day simple moving average is $356.08 and its two-hundred day simple moving average is $319.95. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a market capitalization of $77.39 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the business earned $6.51 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Company Profile

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.