The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its holdings in The Travelers Companies, Inc. by 2.8%, totaling 60,578 shares valued at approximately $16.02 million.
• The Travelers Companies reported earnings of $6.51 per share for the latest quarter, significantly surpassing the consensus estimate of $3.52, with a revenue of $11.54 billion compared to expectations of $11.02 billion.
• The company declared a quarterly dividend of $1.10 per share, which represents an annualized yield of 1.7%, and the dividend payout ratio is currently 19.46%.

Public Sector Pension Investment Board increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,578 shares of the insurance provider's stock after purchasing an additional 1,656 shares during the quarter. Public Sector Pension Investment Board's holdings in Travelers Companies were worth $16,020,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TRV. Brighton Jones LLC boosted its position in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies in the 4th quarter worth approximately $276,000. FIL Ltd boosted its position in Travelers Companies by 119.2% in the 4th quarter. FIL Ltd now owns 5,815 shares of the insurance provider's stock worth $1,401,000 after purchasing an additional 3,162 shares in the last quarter. Scotia Capital Inc. purchased a new stake in Travelers Companies in the 4th quarter worth approximately $306,000. Finally, LSV Asset Management purchased a new stake in Travelers Companies in the 4th quarter worth approximately $674,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRV. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. UBS Group boosted their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company boosted their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $284.56.

Travelers Companies Stock Down 1.1%

TRV stock traded down $3.02 during mid-day trading on Friday, reaching $265.57. The company had a trading volume of 1,295,612 shares, compared to its average volume of 1,334,426. 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 market capitalization of $59.79 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51. The firm has a fifty day simple moving average of $262.58 and a 200 day simple moving average of $259.17. The Travelers Companies, Inc. has a fifty-two week low of $215.39 and a fifty-two week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. Travelers Companies's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 36,199 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president owned 118,116 shares in the company, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the transaction, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock worth $47,929,912 over the last ninety days. Company insiders own 1.46% of the company's stock.

About Travelers Companies

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.