Strs Ohio Sells 13,825 Shares of The Travelers Companies, Inc. $TRV

Strs Ohio reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 23.0% during the first quarter, HoldingsChannel.com reports. The firm owned 46,313 shares of the insurance provider’s stock after selling 13,825 shares during the quarter. Strs Ohio’s holdings in Travelers Companies were worth $13,509,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $24,167,000. Rit Capital Partners PLC bought a new position in Travelers Companies in the 4th quarter valued at approximately $39,450,000. Robeco Institutional Asset Management B.V. boosted its stake in Travelers Companies by 17.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after purchasing an additional 133,152 shares during the last quarter. AIA Group Ltd bought a new stake in shares of Travelers Companies in the 3rd quarter worth $1,773,000. Finally, Danske Bank A S purchased a new stake in shares of Travelers Companies during the third quarter valued at $52,339,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TRV shares. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Brean Capital assumed coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Piper Sandler increased their target price on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Bank of America dropped their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $309.07.

Travelers Companies Trading Down 0.2%

Shares of Travelers Companies stock opened at $341.65 on Friday. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $342.31. The company’s fifty day simple moving average is $306.77 and its 200-day simple moving average is $298.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $72.65 billion, a PE ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46.

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

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were given a $1.25 dividend. The ex-dividend date was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 14.88%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 37,573 shares of company stock valued at $11,504,146. Company insiders own 1.39% of the company’s stock.

Travelers Companies 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.