New York State Common Retirement Fund Sells 3,200 Shares of The Travelers Companies, Inc. $TRV

New York State Common Retirement Fund cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 286,941 shares of the insurance provider’s stock after selling 3,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Travelers Companies were worth $76,768,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TRV. Valeo Financial Advisors LLC boosted its holdings in Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares in the last quarter. Norges Bank acquired a new position in shares of Travelers Companies during the second quarter worth approximately $815,013,000. Nuveen LLC acquired a new position in shares of Travelers Companies during the first quarter worth approximately $294,755,000. JPMorgan Chase & Co. lifted its holdings in shares of Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its position in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, 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 value of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,375 shares of company stock worth $10,374,006 in the last quarter. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.2%

NYSE TRV opened at $295.08 on Friday. The business’s fifty day moving average is $278.20 and its 200-day moving average is $271.27. 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 $65.82 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $296.85.

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

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. UBS Group boosted their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Citigroup initiated coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective for the company. Two investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $292.73.

Travelers Companies Company Profile

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.