BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $8.95 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 12.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,212 shares of the insurance provider’s stock after selling 5,644 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Travelers Companies were worth $8,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC lifted its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the third quarter worth about $50,000. Salomon & Ludwin LLC increased its holdings in Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the period. Finally, Coastline Trust Co acquired a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $67,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TRV. Wells Fargo & Company increased their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Bank of America lifted their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $251.15.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred 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 directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by insiders.

Travelers Companies Trading Down 0.2 %

Shares of TRV stock opened at $266.04 on Monday. The Travelers Companies, Inc. has a 1-year low of $177.61 and a 1-year high of $269.55. 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 stock has a market cap of $60.40 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62. The stock has a 50-day moving average of $249.31 and a 200-day moving average of $227.74.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

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

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.