The Manufacturers Life Insurance Company Purchases Shares of 132,250 The Travelers Companies, Inc. $TRV

The Manufacturers Life Insurance Company acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel.com reports. The firm acquired 132,250 shares of the insurance provider’s stock, valued at approximately $43,658,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Travelers Companies in the 2nd quarter valued at $4,447,000. Arbejdsmarkedets Tillaegspension bought a new stake in Travelers Companies during the 4th quarter worth $24,167,000. Biondo Investment Advisors LLC bought a new stake in Travelers Companies during the 2nd quarter worth $13,649,000. Evolve Private Wealth LLC acquired a new position in Travelers Companies in the 2nd quarter worth about $987,000. Finally, Rit Capital Partners PLC acquired a new position in Travelers Companies in the 4th quarter worth about $39,450,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 52,667 shares of company stock worth $19,611,829. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $371.02 on Thursday. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $77.39 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The business has a 50-day moving average of $356.08 and a 200-day moving average of $319.95.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $6.51 earnings per share. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s payout ratio is 13.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Raymond James Financial set a $430.00 price target on Travelers Companies in a report on Monday, July 20th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a report on Monday, July 13th. Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 20th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $354.26.

About Travelers Companies

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.