New York State Teachers Retirement System Lowers Holdings in The Travelers Companies, Inc. $TRV

New York State Teachers Retirement System decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 188,866 shares of the insurance provider’s stock after selling 3,736 shares during the quarter. New York State Teachers Retirement System’s holdings in Travelers Companies were worth $52,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TRV. Atlantic Edge Private Wealth Management LLC grew its holdings in Travelers Companies by 0.7% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 8,784 shares of the insurance provider’s stock worth $2,453,000 after acquiring an additional 60 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Travelers Companies by 5.1% in the 3rd quarter. Forum Financial Management LP now owns 4,659 shares of the insurance provider’s stock valued at $1,301,000 after purchasing an additional 226 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH lifted its position in shares of Travelers Companies by 17.2% in the 3rd quarter. MASTERINVEST Kapitalanlage GmbH now owns 906 shares of the insurance provider’s stock worth $253,000 after purchasing an additional 133 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Travelers Companies by 31.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 25,728 shares of the insurance provider’s stock valued at $7,184,000 after purchasing an additional 6,189 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in shares of Travelers Companies by 14.2% during the third quarter. Capital Investment Advisors LLC now owns 2,795 shares of the insurance provider’s stock valued at $780,000 after purchasing an additional 348 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 0.8%

Shares of TRV stock opened at $281.99 on Monday. The stock’s fifty day moving average price is $286.67 and its 200 day moving average price is $275.11. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $296.85. The company has a market cap of $62.90 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

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

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were paid a $1.10 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TRV shares. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $305.00 to $317.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, January 7th. Zacks Research cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. The Goldman Sachs Group downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective on the stock. in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $298.38.

Insider Activity at Travelers Companies

In other news, EVP Maria Olivo sold 8,920 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $34,776,665.08. The trade was a 7.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,295 shares of company stock worth $13,011,918 in the last quarter. 1.46% of the stock is currently owned by company insiders.

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.