Canada Pension Plan Investment Board Trims Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Canada Pension Plan Investment Board lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 40.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 352,469 shares of the insurance provider's stock after selling 239,750 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.16% of Travelers Companies worth $84,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Virtu Financial LLC boosted its position in Travelers Companies by 25.6% during the third quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider's stock worth $3,978,000 after acquiring an additional 3,462 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $983,000. World Investment Advisors LLC acquired a new position in Travelers Companies during the third quarter worth $501,000. Arvest Bank Trust Division purchased a new stake in Travelers Companies in the 3rd quarter valued at $16,344,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Travelers Companies during the 3rd quarter worth $2,174,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRV shares. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Finally, Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Stock Down 0.8 %

Shares of TRV stock traded down $2.04 on Wednesday, reaching $259.27. 878,700 shares of the stock were exchanged, compared to its average volume of 1,288,006. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $58.78 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 4.65 and a beta of 0.48. The business's 50 day moving average price is $252.98 and its 200 day moving average price is $249.76.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the business posted $4.69 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.70%. Travelers Companies's dividend payout ratio is presently 23.95%.

Travelers Companies 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.