Northwest & Ethical Investments L.P. Purchases 808 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Northwest & Ethical Investments L.P. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,195 shares of the insurance provider’s stock after purchasing an additional 808 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Travelers Companies were worth $9,176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TRV. FMR LLC lifted its position in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Travelers Companies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after purchasing an additional 165,708 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after purchasing an additional 37,029 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Travelers Companies by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after purchasing an additional 10,285 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Travelers Companies by 8.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after buying an additional 85,619 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 over the last quarter. 1.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays increased their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, UBS Group upped their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $251.15.

Travelers Companies Trading Up 1.1 %

Shares of NYSE:TRV opened at $266.66 on Friday. The Travelers Companies, Inc. has a 52-week low of $175.88 and a 52-week high of $269.55. The stock has a market capitalization of $60.54 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50-day simple moving average is $248.76 and its two-hundred day simple moving average is $227.23.

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

Travelers Companies Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.58%. Travelers Companies’s dividend payout ratio is currently 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.