Federation des caisses Desjardins du Quebec Purchases 3,479 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in The Travelers Companies by 26.1%, acquiring an additional 3,479 shares, bringing its total holdings to 16,788 shares valued at $4,440,000.
• Insiders at Travelers Companies have been selling shares recently, including EVP Gregory C. Toczydlowski who sold 11,505 shares and EVP Mojgan M. Lefebvre who sold 16,820 shares, indicating a potential decrease in confidence among executives.
• Travelers Companies announced a quarterly dividend of $1.10 to be paid on September 30th, representing an annualized yield of 1.6% with a dividend payout ratio of 19.46%.

Federation des caisses Desjardins du Quebec raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,788 shares of the insurance provider's stock after purchasing an additional 3,479 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Travelers Companies were worth $4,440,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after acquiring an additional 2,196,426 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at approximately $294,755,000. Bahl & Gaynor Inc. lifted its holdings in Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after buying an additional 490,039 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after buying an additional 390,104 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Travelers Companies by 12.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock valued at $653,443,000 after purchasing an additional 291,506 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 1.5%

Shares of Travelers Companies stock traded down $4.06 during trading hours on Friday, hitting $275.37. The company's stock had a trading volume of 970,738 shares, compared to its average volume of 1,169,175. The Travelers Companies, Inc. has a 1-year low of $224.62 and a 1-year high of $280.70. The business has a fifty day moving average of $264.94 and a 200 day moving average of $262.45. The company has a market capitalization of $61.99 billion, a PE ratio of 12.18, a P/E/G ratio of 3.16 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results 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 net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the business earned $2.51 EPS. The business's revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. UBS Group raised their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Company 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.