Public Employees Retirement System of Ohio Purchases New Position in The Travelers Companies, Inc. $TRV

Public Employees Retirement System of Ohio acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 96,168 shares of the insurance provider’s stock, valued at approximately $31,747,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter valued at $6,915,909,000. Legal & General Group Plc bought a new position in Travelers Companies during the second quarter worth about $799,601,000. Bank of America Corp DE bought a new position in Travelers Companies during the second quarter worth about $932,142,000. Norges Bank bought a new stake in shares of Travelers Companies in the fourth quarter worth about $723,339,000. Finally, GQG Partners LLC acquired a new stake in shares of Travelers Companies during the second quarter worth about $789,024,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TRV shares. Barclays increased their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday, May 26th. Morgan Stanley raised their price target on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Cantor Fitzgerald raised their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $354.26.

Insider Activity

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 52,667 shares of company stock worth $19,611,829. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 0.1%

Shares of Travelers Companies stock opened at $369.85 on Friday. 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 business has a fifty day simple moving average of $358.56 and a two-hundred day simple moving average of $320.77. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 3.51 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate 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 net margin of 16.95% and a return on equity of 25.41%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.51 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

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.