127,400 Shares in The Travelers Companies, Inc. $TRV Bought by Cibc World Market Inc.

Cibc World Market Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 127,400 shares of the insurance provider’s stock, valued at approximately $28,090,000.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Travelers Companies in the 2nd quarter valued at $6,915,909,000. Norges Bank acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $723,339,000. GQG Partners LLC bought a new stake in Travelers Companies in the second quarter valued at $789,024,000. Bank of New York Mellon Corp bought a new stake in shares of Travelers Companies in the 2nd quarter worth about $469,505,000. Finally, Deutsche Bank AG bought a new stake in Travelers Companies during the second quarter worth about $301,772,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction on 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 trade represents a 11.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Piper Sandler raised their target price on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings raised Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Roth Capital lifted their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, UBS Group upped their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $363.83 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The stock has a market capitalization of $75.89 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. 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 business has a 50-day moving average of $352.28 and a 200-day moving average of $318.35.

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

Travelers Companies Dividend Announcement

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

About Travelers Companies

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.