The Travelers Companies, Inc. (NYSE:TRV) Stock Position Lifted by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.5% in the third quarter, Holdings Channel reports. The institutional investor owned 25,206 shares of the insurance provider’s stock after acquiring an additional 2,400 shares during the quarter. Investment Management Corp of Ontario’s holdings in Travelers Companies were worth $5,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the second quarter worth $25,000. Wolff Wiese Magana LLC grew 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 purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies in the 3rd quarter worth about $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $50,000. Finally, Salomon & Ludwin LLC raised its stake 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 purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research reports. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. UBS Group boosted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Four investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $251.15.

Travelers Companies Trading Down 1.1 %

Shares of TRV stock opened at $260.59 on Wednesday. The firm has a market capitalization of $59.16 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The firm’s fifty day simple moving average is $250.25 and its 200 day simple moving average is $228.34. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 1.61%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

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.