The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 63.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,217 shares of the insurance provider’s stock after selling 5,497 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Travelers Companies were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Johnson Investment Counsel Inc. lifted its holdings in Travelers Companies by 29.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock valued at $879,000 after purchasing an additional 1,037 shares in the last quarter. Nordea Investment Management AB lifted its position in Travelers Companies by 38.7% during the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after acquiring an additional 95,451 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in Travelers Companies during the 4th quarter worth approximately $1,973,000. Wellington Management Group LLP grew its position in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Travelers Companies by 552.8% during the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after acquiring an additional 140,622 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. Evercore ISI reduced their price target on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. The Goldman Sachs Group raised their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research report on Monday. Finally, Morgan Stanley lowered their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $220.94.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $1.94 during trading on Monday, hitting $205.42. 1,283,551 shares of the company’s stock traded hands, compared to its average volume of 1,380,211. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a market cap of $47.04 billion, a PE ratio of 15.17, a PEG ratio of 1.22 and a beta of 0.61. The firm’s fifty day moving average price is $210.53 and its 200 day moving average price is $213.97.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 16.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.04%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock valued at $3,980,827 in the last three months. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Company 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.