Travelers Companies Inc (TRV) Shares Bought by South Dakota Investment Council

South Dakota Investment Council increased its stake in shares of Travelers Companies Inc (NYSE:TRV) by 6.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,500 shares of the insurance provider’s stock after purchasing an additional 1,400 shares during the quarter. South Dakota Investment Council’s holdings in Travelers Companies were worth $3,086,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TRV. Sontag Advisory LLC acquired a new position in Travelers Companies during the 4th quarter worth approximately $27,000. Buffington Mohr McNeal acquired a new position in Travelers Companies in the 1st quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund increased its position in Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares during the period. Global Retirement Partners LLC increased its position in Travelers Companies by 120.5% in the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 135 shares during the period. Finally, Clarfeld Financial Advisors LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 80.52% of the company’s stock.

NYSE TRV opened at $143.96 on Monday. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $144.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market cap of $37.15 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.29 and a beta of 1.08.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter last year, the company posted $2.46 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.

TRV has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Wells Fargo & Co set a $130.00 target price on shares of Travelers Companies and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. Morgan Stanley increased their target price on shares of Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 30th. MKM Partners raised their price objective on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $140.58.

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 23,405 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $128.52, for a total transaction of $3,008,010.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 8,138 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $130.57, for a total transaction of $1,062,578.66. Following the transaction, the insider now owns 239,745 shares of the company’s stock, valued at approximately $31,303,504.65. The disclosure for this sale can be found here. Insiders have sold 299,931 shares of company stock valued at $41,245,380 in the last quarter. Company insiders own 0.73% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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