New York State Teachers Retirement System Boosts Stock Position in The Travelers Companies, Inc. $TRV

New York State Teachers Retirement System raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.2% during the first quarter, HoldingsChannel.com reports. The firm owned 192,588 shares of the insurance provider’s stock after buying an additional 7,733 shares during the period. New York State Teachers Retirement System’s holdings in Travelers Companies were worth $56,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Travelers Companies in the 4th quarter worth about $24,167,000. Rit Capital Partners PLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $39,450,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Travelers Companies by 17.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after purchasing an additional 133,152 shares during the last quarter. AIA Group Ltd bought a new position in shares of Travelers Companies during the third quarter worth about $1,773,000. Finally, Danske Bank A S acquired a new position in Travelers Companies in the third quarter worth about $52,339,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares in the company, valued at $15,049,010.86. The trade was a 12.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,573 shares of company stock worth $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TRV shares. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Wells Fargo & Company lifted their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, Brean Capital began coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $309.07.

Travelers Companies Trading Down 0.2%

NYSE TRV opened at $341.65 on Friday. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $342.31. The company has a 50-day simple moving average of $306.77 and a 200-day simple moving average of $298.09. 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 firm has a market capitalization of $72.65 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. Travelers Companies’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, June 10th. Travelers Companies’s dividend payout ratio is currently 14.88%.

Travelers Companies Company Profile

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.