93,562 Shares in The Travelers Companies, Inc. $TRV Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS Administration Corp. bought 93,562 shares of Travelers Companies in the second quarter, valued at approximately $20.6 million. Institutional investors and hedge funds collectively own 82.45% of TRV.
• Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 consensus estimate, while revenue reached $12.15 billion. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.
• Travelers declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Meanwhile, company insiders sold 62,667 shares worth approximately $22.7 million over the past 90 days.

OMERS ADMINISTRATION Corp purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 93,562 shares of the insurance provider's stock, valued at approximately $20,629,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after buying an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $276,000. WINTON GROUP Ltd acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $382,000. CIBC Asset Management Inc boosted its position in shares of Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock worth $18,336,000 after acquiring an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock valued at $28,254,000 after acquiring an additional 2,117 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRV. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. UBS Group increased their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Zacks Research raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $354.26.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares in the company, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 in the last 90 days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Up 0.1%

TRV stock opened at $363.83 on Monday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The stock has a market capitalization of $75.89 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a fifty day moving average of $352.28 and a 200-day moving average of $318.35.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.51 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's dividend payout ratio (DPR) is 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.

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