The Travelers Companies, Inc. (NYSE:TRV) Position Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233,725 shares of the insurance provider’s stock after selling 6,611 shares during the quarter. Mackenzie Financial Corp’s holdings in Travelers Companies were worth $47,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TRV. Nordea Investment Management AB lifted its position in Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after buying an additional 95,451 shares in the last quarter. Cetera Investment Advisers boosted its position in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after purchasing an additional 35,560 shares during the last quarter. Wellington Management Group LLP grew its stake in Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares in the last quarter. Bank of Nova Scotia increased its position in Travelers Companies by 552.8% in the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after purchasing an additional 140,622 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter worth about $874,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler dropped their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Morgan Stanley lowered their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies Stock Up 0.0 %

Shares of TRV opened at $236.11 on Friday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The firm has a market capitalization of $53.82 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.24 and a beta of 0.62. The company has a 50-day simple moving average of $223.62 and a 200-day simple moving average of $218.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is 31.20%.

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.