The Travelers Companies, Inc. $TRV Shares Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in The Travelers Companies, Inc. by 6.3% during the first quarter, acquiring a total of 15,984 shares now valued at $4,227,000.
• The Travelers Companies reported a quarterly EPS of $6.51, significantly exceeding analysts' expectations of $3.52, with revenue reaching $11.54 billion, up 7.4% year-over-year.
• Travelers Companies has announced a quarterly dividend of $1.10 per share, with a dividend yield of 1.6%, set to be paid to shareholders on September 30th.

OMERS ADMINISTRATION Corp boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,984 shares of the insurance provider's stock after acquiring an additional 944 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Travelers Companies were worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares during the period. Putney Financial Group LLC acquired a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the 1st quarter worth approximately $26,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies during the 4th quarter worth approximately $30,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.4%

Shares of TRV traded up $1.18 during midday trading on Wednesday, reaching $274.53. The company had a trading volume of 307,577 shares, compared to its average volume of 1,322,107. The stock has a market cap of $61.80 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 3.12 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. The Travelers Companies, Inc. has a 1-year low of $224.62 and a 1-year high of $279.04. The firm has a 50 day simple moving average of $264.07 and a 200-day simple moving average of $261.67.

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, topping analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.51 EPS. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on TRV shares. Wells Fargo & Company increased their price objective 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. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, UBS Group increased their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $284.56.

Insider Activity

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The shares were 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. 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.