Board of the Pension Protection Fund Buys Shares of 5,300 The Travelers Companies, Inc. $TRV

Board of the Pension Protection Fund bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 5,300 shares of the insurance provider’s stock, valued at approximately $1,418,000. Travelers Companies comprises approximately 1.5% of Board of the Pension Protection Fund’s portfolio, making the stock its 25th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Bearing Point Capital LLC grew its position in Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after acquiring an additional 38 shares in the last quarter. Forum Financial Management LP grew its position in shares of Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock worth $1,171,000 after buying an additional 39 shares in the last quarter. Y.D. More Investments Ltd grew its position in shares of Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after buying an additional 39 shares in the last quarter. Park National Corp OH grew its position in shares of Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after buying an additional 40 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of analyst reports. Wolfe Research initiated coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Wells Fargo & Company boosted their price objective on Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective for the company. Finally, Barclays set a $313.00 price target on Travelers Companies in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $290.11.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $269.92 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The stock has a 50 day moving average of $273.66 and a two-hundred day moving average of $266.16. The stock has a market cap of $60.77 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.08 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts forecast 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 was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s payout ratio is currently 19.46%.

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.