Ontario Teachers Pension Plan Board Invests $405,000 in The Travelers Companies, Inc. (NYSE:TRV)

Ontario Teachers Pension Plan Board acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,729 shares of the insurance provider’s stock, valued at approximately $405,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the 2nd quarter worth $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC grew its position in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter worth approximately $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,409 shares of company stock valued at $19,305,504. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

TRV stock opened at $262.47 on Friday. The stock has a market cap of $59.59 billion, a PE ratio of 13.46, a P/E/G ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 12 month low of $175.88 and a 12 month high of $269.55. The company has a 50-day moving average price of $246.83 and a 200 day moving average price of $225.94. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Barclays raised their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $251.15.

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.