13,262 Shares in The Travelers Companies, Inc. $TRV Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, Holdings Channel.com reports. The fund purchased 13,262 shares of the insurance provider’s stock, valued at approximately $4,378,000.

Several other institutional investors have also recently bought and sold shares of TRV. LifeSteps Financial Inc. acquired a new position in Travelers Companies during the 2nd quarter worth about $26,000. Kilter Group LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at about $26,000. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies in the fourth quarter worth about $26,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the first quarter worth approximately $26,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.3%

Shares of NYSE:TRV opened at $369.40 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $77.05 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a 50 day moving average of $354.79 and a 200-day moving average of $319.45. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the business posted $6.51 earnings per share. Travelers Companies’s revenue was up .3% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Cantor Fitzgerald increased their price objective on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley increased their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Finally, Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $354.26.

Insider Buying and Selling

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,667 shares of company stock worth $19,611,829 over the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.