OMERS ADMINISTRATION Corp Purchases 3,342 Shares of The Travelers Companies, Inc. $TRV

OMERS ADMINISTRATION Corp grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 34.6% during the first quarter, Holdings Channel reports. The institutional investor owned 13,006 shares of the insurance provider’s stock after purchasing an additional 3,342 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Travelers Companies were worth $3,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Lombard Odier Asset Management USA Corp purchased a new stake in Travelers Companies during the first quarter valued at about $237,000. Waverly Advisors LLC raised its position in shares of Travelers Companies by 21.6% in the first quarter. Waverly Advisors LLC now owns 6,526 shares of the insurance provider’s stock valued at $1,904,000 after purchasing an additional 1,159 shares during the period. Cannell & Spears LLC raised its position in shares of Travelers Companies by 2,000.6% in the first quarter. Cannell & Spears LLC now owns 18,821 shares of the insurance provider’s stock valued at $5,492,000 after purchasing an additional 17,925 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of Travelers Companies by 306.7% during the 1st quarter. Hilltop Holdings Inc. now owns 5,153 shares of the insurance provider’s stock valued at $1,503,000 after buying an additional 3,886 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in Travelers Companies by 3.4% in the 1st quarter. Modern Wealth Management LLC now owns 1,832 shares of the insurance provider’s stock worth $532,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.8%

TRV opened at $390.51 on Tuesday. 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 Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $391.99. The stock has a market cap of $81.45 billion, a PE ratio of 10.46, a PEG ratio of 3.83 and a beta of 0.46. The business has a 50 day moving average of $323.75 and a 200-day moving average of $305.34.

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, topping analysts’ consensus estimates of $5.41 by $4.63. The business 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 quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.51 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 32.49 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. 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 payout ratio is presently 13.39%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. UBS Group increased their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Bank of America raised their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Finally, HSBC upped their target price on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $354.26.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.