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

National Bank of Canada FI boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 45.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 365,739 shares of the insurance provider’s stock after buying an additional 114,840 shares during the period. National Bank of Canada FI’s holdings in Travelers Companies were worth $69,990,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TRV. First Command Advisory Services Inc. bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $26,000. AM Squared Ltd boosted its holdings in shares of Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $40,000. OLD Second National Bank of Aurora bought a new position in shares of Travelers Companies in the 4th quarter worth about $41,000. Finally, Operose Advisors LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $43,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies 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 transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $12,057,727 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TRV shares. Keefe, Bruyette & Woods cut their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group reduced their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, April 19th. The Goldman Sachs Group boosted their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. TD Cowen lowered their price target on Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, Raymond James increased their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.47.

Travelers Companies Stock Performance

NYSE:TRV traded down $0.52 on Friday, hitting $213.85. The stock had a trading volume of 1,298,445 shares, compared to its average volume of 1,525,222. The business’s 50-day simple moving average is $220.82 and its two-hundred day simple moving average is $200.58. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market cap of $48.97 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the business posted $4.11 earnings per share. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

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.