749,964 Shares in The Travelers Companies, Inc. $TRV Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 749,964 shares of the insurance provider’s stock, valued at approximately $165,360,000. Connor Clark & Lunn Investment Management Ltd. owned 0.36% of Travelers Companies at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Travelers Companies during the 2nd quarter valued at about $6,915,909,000. Norges Bank bought a new stake in Travelers Companies during the 4th quarter worth approximately $723,339,000. GQG Partners LLC bought a new stake in Travelers Companies during the 2nd quarter worth approximately $789,024,000. Bank of New York Mellon Corp acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $469,505,000. Finally, Deutsche Bank AG acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $301,772,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 0.1%

NYSE:TRV opened at $363.83 on Monday. The company has a market cap of $75.89 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The business has a 50 day moving average price of $352.28 and a two-hundred day moving average price of $318.35. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for 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 firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned $6.51 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRV. BMO Capital Markets cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price target for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a report on Monday, July 13th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the business’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 sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by insiders.

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.