The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,741 shares of the insurance provider’s stock after buying an additional 23,004 shares during the quarter. Mackenzie Financial Corp owned about 0.11% of Travelers Companies worth $46,049,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Bison Wealth LLC lifted its holdings in shares of Travelers Companies by 10.0% in the fourth quarter. Bison Wealth LLC now owns 1,637 shares of the insurance provider’s stock valued at $312,000 after buying an additional 149 shares during the period. Cornercap Investment Counsel Inc. lifted its holdings in shares of Travelers Companies by 84.1% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 9,685 shares of the insurance provider’s stock valued at $1,845,000 after buying an additional 4,423 shares during the period. Carnegie Capital Asset Management LLC lifted its holdings in shares of Travelers Companies by 1.5% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 14,098 shares of the insurance provider’s stock valued at $2,686,000 after buying an additional 210 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Travelers Companies by 13.6% in the fourth quarter. Vontobel Holding Ltd. now owns 134,021 shares of the insurance provider’s stock valued at $25,530,000 after buying an additional 16,044 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $2,629,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $223.11 on Wednesday. The business’s 50-day simple moving average is $222.02 and its 200-day simple moving average is $196.10. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The firm has a market cap of $51.12 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm had revenue of $10.93 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the prior year, the company earned $3.40 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.79%. Travelers Companies’s dividend payout ratio is currently 31.27%.

Analysts Set New Price Targets

TRV has been the subject of several analyst reports. TD Cowen initiated coverage on Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 target price for the company. The Goldman Sachs Group upped their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. HSBC upped their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. UBS Group upped their target price on Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada upped their target price on Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $217.00.

Insider Transactions at Travelers Companies

In other news, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now owns 719 shares of the company’s stock, valued at approximately $153,046.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman William H. Heyman sold 2,500 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is owned by corporate insiders.

Travelers Companies 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.