Canada Pension Plan Investment Board Makes New Investment in The Travelers Companies, Inc. $TRV

Canada Pension Plan Investment Board bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 790,744 shares of the insurance provider’s stock, valued at approximately $174,351,000.

Other large investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Travelers Companies during the 2nd quarter valued at $4,447,000. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Travelers Companies during the 4th quarter worth approximately $24,167,000. Biondo Investment Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $13,649,000. Evolve Private Wealth LLC purchased a new position in shares of Travelers Companies in the second quarter valued at $987,000. Finally, Rit Capital Partners PLC bought a new stake in Travelers Companies in the fourth quarter worth $39,450,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,667 shares of company stock valued at $19,611,829 over the last three months. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 0.4%

TRV opened at $371.02 on Thursday. The stock has a market cap of $77.39 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 3.51 and a beta of 0.45. The stock’s 50 day moving average price is $356.08 and its 200-day moving average price is $319.95. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $6.51 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. UBS Group boosted their target price on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Finally, Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.