Caisse de depot et placement du Quebec Invests $2.34 Million in The Travelers Companies, Inc. $TRV

Caisse de depot et placement du Quebec acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,616 shares of the insurance provider’s stock, valued at approximately $2,341,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. HHM Wealth Advisors LLC increased its position in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Travelers Companies in the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $26,000. Kilter Group LLC bought a new stake in Travelers Companies during the 2nd quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TRV shares. Weiss Ratings upgraded shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 20th. Bank of America lifted their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Mizuho upped their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company raised their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 52,667 shares of company stock worth $19,611,829. Insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 0.1%

Shares of TRV opened at $369.85 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a 50 day simple moving average of $358.56 and a two-hundred day simple moving average of $320.77. The firm has a market cap of $77.14 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

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

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

About Travelers Companies

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.