California Public Employees Retirement System Sells 122,031 Shares of The Travelers Companies, Inc. $TRV

California Public Employees Retirement System reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 874,012 shares of the insurance provider’s stock after selling 122,031 shares during the quarter. California Public Employees Retirement System owned about 0.39% of Travelers Companies worth $233,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Avalon Trust Co grew its position in Travelers Companies by 23.4% during the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after acquiring an additional 1,429 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Travelers Companies by 25.4% during the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after purchasing an additional 97,247 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in shares of Travelers Companies by 54.1% during the first quarter. Focus Partners Advisor Solutions LLC now owns 8,838 shares of the insurance provider’s stock worth $2,337,000 after purchasing an additional 3,101 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Travelers Companies by 168.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,278 shares of the insurance provider’s stock valued at $36,568,000 after buying an additional 86,689 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Travelers Companies by 9.3% in the first quarter. Focus Partners Wealth now owns 17,836 shares of the insurance provider’s stock valued at $4,717,000 after buying an additional 1,522 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. This represents a 48.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 8,920 shares of Travelers Companies 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 completion of the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,295 shares of company stock valued at $13,011,918 in the last ninety days. 1.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on TRV shares. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. Finally, UBS Group upped their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $292.73.

Travelers Companies Price Performance

TRV stock opened at $280.72 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $62.62 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 2.76 and a beta of 0.53. The company’s fifty day simple moving average is $279.10 and its 200 day simple moving average is $271.77. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $296.85.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data 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. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $5.24 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

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.