Caisse DE Depot ET Placement DU Quebec Acquires 170,705 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Caisse DE Depot ET Placement DU Quebec increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 83.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 374,205 shares of the insurance provider's stock after purchasing an additional 170,705 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.16% of Travelers Companies worth $87,609,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRV. FMR LLC increased its holdings in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Travelers Companies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider's stock valued at $619,241,000 after acquiring an additional 165,708 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider's stock worth $474,774,000 after acquiring an additional 37,029 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider's stock valued at $350,396,000 after buying an additional 10,285 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Travelers Companies by 8.0% in the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider's stock worth $233,769,000 after buying an additional 85,619 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.2 %

Shares of NYSE:TRV traded down $0.62 during trading on Friday, hitting $266.04. The company had a trading volume of 770,668 shares, compared to its average volume of 1,203,327. The stock has a market cap of $60.40 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $177.61 and a one year high of $269.55. The company has a fifty day simple moving average of $249.31 and a two-hundred day simple moving average of $227.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the business posted $1.95 EPS. Travelers Companies's quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies's payout ratio is 21.54%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock worth $20,295,856 over the last quarter. 1.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRV shares. Roth Mkm lifted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $251.15.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.