CIBC Asset Management Inc Has $7.81 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

CIBC Asset Management Inc grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,337 shares of the insurance provider's stock after buying an additional 2,455 shares during the quarter. CIBC Asset Management Inc's holdings in Travelers Companies were worth $7,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TRV. Y.D. More Investments Ltd acquired a new position in Travelers Companies during the second quarter worth $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the third quarter valued at approximately $50,000. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This trade represents a 69.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock worth $16,580,166 in the last 90 days. Corporate insiders own 1.33% of the company's stock.

Travelers Companies Price Performance

TRV stock traded up $1.87 during trading on Monday, hitting $262.69. 1,100,399 shares of the stock traded hands, compared to its average volume of 1,303,540. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $59.64 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $170.88 and a one year high of $269.55. The company has a 50 day simple moving average of $244.44 and a 200 day simple moving average of $224.48.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the company earned $1.95 EPS. Travelers Companies's revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued 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 1.60%. Travelers Companies's dividend payout ratio is 21.54%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRV. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their target price on Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lifted their price target on Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $247.90.

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.