Cibc World Market Inc. Acquires Shares of 12,488 The Travelers Companies, Inc. $TRV

Cibc World Market Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,488 shares of the insurance provider’s stock, valued at approximately $4,123,000.

Several other institutional investors and hedge funds have also made changes to their positions in TRV. Castlefield Investment Partners LLP purchased a new stake in Travelers Companies during the 2nd quarter worth $3,583,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Travelers Companies during the second quarter worth about $4,378,000. Osmosis Investment Management UK Ltd acquired a new position in shares of Travelers Companies in the second quarter worth about $501,000. Sanctuary Advisors LLC acquired a new position in shares of Travelers Companies in the second quarter worth about $31,523,000. Finally, Biondo Investment Advisors LLC purchased a new position in Travelers Companies in the second quarter valued at about $13,649,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 52,667 shares of company stock valued at $19,611,829. Company insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $369.40 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $354.79 and its 200 day moving average price is $319.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm has a market cap of $77.05 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (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 net margin of 16.95% and a return on equity of 25.41%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.51 earnings per share. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared 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 dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TRV shares. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Morgan Stanley upped their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Evercore set a $329.00 price objective on shares of Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Truist Financial boosted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $354.26.

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.