The Travelers Companies, Inc. $TRV Shares Bought by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in The Travelers Companies, Inc. by 3.7% to own 365,389 shares, valued at approximately $96.63 million.
• Travelers Companies reported EPS of $6.51 for the last quarter, exceeding estimates by $2.99, with revenue reaching $11.54 billion.
• The company announced a quarterly dividend of $1.10 per share, reflecting an annualized dividend yield of 1.6%.

Canada Pension Plan Investment Board grew its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,389 shares of the insurance provider's stock after acquiring an additional 12,920 shares during the period. Canada Pension Plan Investment Board owned 0.16% of Travelers Companies worth $96,631,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its stake in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. GAMMA Investing LLC grew its position in Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after purchasing an additional 2,196,426 shares in the last quarter. Nuveen LLC bought a new position in Travelers Companies during the first quarter valued at $294,755,000. Balyasny Asset Management L.P. lifted its stake in shares of Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after buying an additional 907,266 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after buying an additional 490,039 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE:TRV traded up $2.65 during midday trading on Wednesday, reaching $276.00. 585,094 shares of the company were exchanged, compared to its average volume of 1,323,621. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business's fifty day moving average is $264.07 and its two-hundred day moving average is $261.67. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $279.04. The stock has a market cap of $62.14 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53.

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 (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 the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on TRV shares. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Citigroup began coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective for the company. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, UBS Group boosted their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $284.56.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies 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 of the company's stock, valued at approximately $4,900,865.92. This trade represents 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 currently owned by company insiders.

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.