Mackenzie Financial Corp Sells 2,213 Shares of The Travelers Companies, Inc. $TRV

Mackenzie Financial Corp reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,440 shares of the insurance provider’s stock after selling 2,213 shares during the period. Mackenzie Financial Corp owned 0.10% of Travelers Companies worth $58,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Travelers Companies by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after acquiring an additional 313,449 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after purchasing an additional 751,715 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Travelers Companies by 1.0% in the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after purchasing an additional 54,363 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Travelers Companies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after buying an additional 25,573 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.2%

Shares of TRV opened at $295.08 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The company has a 50-day simple moving average of $278.20 and a 200-day simple moving average of $271.27. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $296.85. The firm has a market capitalization of $65.82 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $5.24 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s payout ratio is currently 17.30%.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. Barclays set a $313.00 target price on shares of Travelers Companies in a research note on Wednesday, October 8th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Finally, Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $292.73.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares in the company, valued at $9,106,815.74. This represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 37,375 shares of company stock worth $10,374,006. 1.46% of the stock is owned by corporate insiders.

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.