The Travelers Companies, Inc. $TRV Stake Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,440 shares of the insurance provider’s stock after buying an additional 13,083 shares during the period. Illinois Municipal Retirement Fund’s holdings in Travelers Companies were worth $22,859,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the first quarter valued at $26,000. Missouri Trust & Investment Co lifted its holdings in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Quaker Wealth Management LLC boosted its position in shares of Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Travelers Companies by 283.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 119 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 88 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRV shares. Citigroup started coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target for the company. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Barclays set a $313.00 target price on shares of Travelers Companies in a research report on Wednesday, October 8th. Finally, Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Price Performance

TRV stock opened at $279.52 on Monday. The firm has a market capitalization of $62.35 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95. The firm has a 50 day moving average of $274.23 and a 200-day moving average of $268.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating 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 firm had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period in the prior year, the company earned $5.24 EPS. The company’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 50,392 shares of company stock valued at $13,945,170. Corporate insiders own 1.46% of the company’s stock.

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.