New York State Teachers Retirement System Sells 3,736 Shares of The Travelers Companies, Inc. $TRV

New York State Teachers Retirement System decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,866 shares of the insurance provider’s stock after selling 3,736 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Travelers Companies worth $52,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Travelers Companies during the fourth quarter valued at $276,000. Focus Partners Wealth lifted its position in Travelers Companies by 9.3% during the first quarter. Focus Partners Wealth now owns 17,836 shares of the insurance provider’s stock valued at $4,717,000 after purchasing an additional 1,522 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Travelers Companies by 7.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,181 shares of the insurance provider’s stock worth $841,000 after buying an additional 223 shares in the last quarter. Finally, Modern Wealth Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth about $455,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Barclays reduced their price objective on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. Morgan Stanley lifted their target price on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Finally, The Goldman Sachs Group downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $298.38.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This represents a 20.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s 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 trade represents a 48.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.8%

Shares of NYSE TRV opened at $281.99 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $62.90 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.69 and a beta of 0.52. The business’s 50 day moving average price is $286.67 and its 200-day moving average price is $275.11.

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

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were issued a $1.10 dividend. The ex-dividend date was 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 presently 17.30%.

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.