New York State Common Retirement Fund Has $76.77 Million Position in The Travelers Companies, Inc. $TRV

New York State Common Retirement Fund cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,941 shares of the insurance provider’s stock after selling 3,200 shares during the quarter. New York State Common Retirement Fund owned 0.13% of Travelers Companies worth $76,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Valeo Financial Advisors LLC increased its holdings in shares of Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares in the last quarter. Norges Bank bought a new stake in Travelers Companies during the 2nd quarter worth $815,013,000. Nuveen LLC bought a new stake in Travelers Companies during the 1st quarter worth $294,755,000. JPMorgan Chase & Co. increased its holdings in Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in Travelers Companies by 41.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Barclays set a $313.00 target price on shares of Travelers Companies in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $292.73.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the transaction, the insider directly owned 255,086 shares in the company, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,375 shares of company stock valued at $10,374,006. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.2%

NYSE:TRV opened at $295.08 on Friday. The firm’s fifty day moving average is $278.20 and its 200-day moving average is $271.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $296.85. The firm has a market cap of $65.82 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.24 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

About Travelers Companies

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.