National Bank of Canada FI Has $65.85 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

National Bank of Canada FI raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,264 shares of the insurance provider's stock after acquiring an additional 48,436 shares during the quarter. National Bank of Canada FI owned about 0.12% of Travelers Companies worth $65,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $9,798,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Travelers Companies by 9.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider's stock valued at $29,462,000 after buying an additional 12,161 shares during the period. Kintegral Advisory LLC increased its stake in shares of Travelers Companies by 14.3% in the 2nd quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider's stock valued at $2,479,000 after buying an additional 1,528 shares during the period. LPL Financial LLC raised its position in shares of Travelers Companies by 7.4% during the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider's stock worth $36,099,000 after acquiring an additional 12,190 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Travelers Companies by 5.4% during the second quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider's stock valued at $53,747,000 after acquiring an additional 13,639 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Down 0.8 %

NYSE TRV traded down $2.11 on Friday, reaching $261.15. The company had a trading volume of 1,086,485 shares, compared to its average volume of 1,152,542. The firm has a market capitalization of $59.29 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The company's fifty day moving average is $251.80 and its 200-day moving average is $229.31. The Travelers Companies, Inc. has a 1-year low of $180.44 and a 1-year high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

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

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio is presently 21.54%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company's stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 over the last 90 days. 1.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Jefferies Financial Group lifted 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. Royal Bank of Canada lifted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research report on Friday, October 18th. Janney Montgomery Scott lowered shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Finally, Bank of America upped their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.