National Bank of Canada FI Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

National Bank of Canada FI increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 45.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365,739 shares of the insurance provider's stock after acquiring an additional 114,840 shares during the quarter. National Bank of Canada FI owned about 0.16% of Travelers Companies worth $69,990,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Grimes & Company Inc. lifted its stake in shares of Travelers Companies by 2.2% during the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider's stock worth $461,000 after buying an additional 53 shares during the last quarter. Slow Capital Inc. boosted its holdings in shares of Travelers Companies by 0.3% during the fourth quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider's stock worth $3,451,000 after acquiring an additional 53 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Travelers Companies by 25.5% during the fourth quarter. Hexagon Capital Partners LLC now owns 295 shares of the insurance provider's stock worth $56,000 after acquiring an additional 60 shares during the period. Schmidt P J Investment Management Inc. grew its position in shares of Travelers Companies by 4.0% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider's stock valued at $339,000 after purchasing an additional 61 shares during the last quarter. Finally, Farmers Trust Co. increased its stake in shares of Travelers Companies by 4.5% during the fourth quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider's stock worth $290,000 after purchasing an additional 66 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company's stock, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company's stock, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company's stock, valued at $4,877,860.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock worth $12,057,727. Insiders own 1.33% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV traded down $0.52 on Friday, reaching $213.85. 1,298,445 shares of the company's stock traded hands, compared to its average volume of 1,525,222. The stock's 50 day simple moving average is $220.82 and its two-hundred day simple moving average is $200.58. The stock has a market cap of $48.97 billion, a PE ratio of 15.89, a PEG ratio of 1.11 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.11 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, June 7th. This is a boost from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's payout ratio is 29.72%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Jefferies Financial Group reduced their price target on Travelers Companies from $222.00 to $219.00 and set a "hold" rating for the company in a research note on Friday, April 19th. Raymond James raised their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a "strong-buy" rating in a research report on Monday, January 22nd. Roth Mkm reissued a "buy" rating and issued a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. UBS Group decreased their target price on shares of Travelers Companies from $237.00 to $230.00 and set a "neutral" rating on the stock in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an "underweight" rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $223.47.

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.