Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in The Travelers Companies, Inc. $TRV

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,229 shares of the insurance provider’s stock after selling 27,893 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Travelers Companies were worth $31,277,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. HHM Wealth Advisors LLC grew its stake in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Travelers Companies in the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new position in Travelers Companies in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at $28,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Wells Fargo & Company lifted their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a report on Monday, July 20th. Finally, Bank of America upped their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $354.26.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Analyst coverage remained constructive, with Morgan Stanley and other firms highlighting potential upside, while a recent Zacks note said Travelers’ shares hit a 52-week high and questioned whether the run can continue. Morgan Stanley Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock The Travelers Companies, Inc. (TRV) Hit a 52 Week High, Can the Run Continue?
• Positive Sentiment: AM Best assigned an “a+” issue credit rating with a stable outlook to Travelers’ new $750 million senior unsecured notes, signaling confidence in the company’s credit quality and access to capital. AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes
• Positive Sentiment: Travelers priced $750 million of 4.95% senior notes due 2031, which adds funding for general corporate purposes and appears manageable given the company’s strong balance sheet. Travelers Companies Prices $750 Million Senior Notes Offering
• Neutral Sentiment: Mizuho raised its price target to $343 from $324 but kept a neutral rating, suggesting the stock may have already moved ahead of near-term fundamentals. Mizuho price target update
• Negative Sentiment: Reports that several top Travelers executives sold company stock could weigh on sentiment, even if the transactions were routine. Top Travelers Executives Quietly Unload Millions in Company Stock
• Negative Sentiment: Deutsche Bank and UBS both reiterated hold-type views, reinforcing that some analysts see limited upside after the recent rally. Deutsche Bank Sticks to Its Hold Rating for Travelers Companies (TRV) UBS Releases a Hold Rating on Travelers Companies (TRV)

Travelers Companies Trading Up 0.0%

Shares of TRV stock opened at $387.42 on Monday. 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 business has a 50-day moving average price of $322.06 and a two-hundred day moving average price of $304.59. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $389.11. The firm has a market cap of $80.80 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 3.83 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last announced 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 firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $6.51 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 32.49 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced 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 of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Buying and Selling at Travelers Companies

In other news, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,292 shares of company stock worth $5,639,800 over the last ninety days. Insiders own 1.39% of the company’s stock.

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.