Travelers Companies Inc (TRV) Stake Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of Travelers Companies Inc (NYSE:TRV) by 1.5% during the first quarter, HoldingsChannel.com reports. The fund owned 369,048 shares of the insurance provider’s stock after selling 5,793 shares during the quarter. New York State Teachers Retirement System’s holdings in Travelers Companies were worth $50,619,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD grew its position in Travelers Companies by 0.6% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 54,309 shares of the insurance provider’s stock valued at $7,449,000 after purchasing an additional 300 shares in the last quarter. McIlrath & Eck LLC grew its position in Travelers Companies by 92.4% during the first quarter. McIlrath & Eck LLC now owns 227 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Raymond James & Associates grew its position in Travelers Companies by 5.2% during the first quarter. Raymond James & Associates now owns 345,966 shares of the insurance provider’s stock valued at $47,453,000 after purchasing an additional 17,010 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Travelers Companies by 8.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 111,720 shares of the insurance provider’s stock valued at $15,325,000 after purchasing an additional 8,423 shares in the last quarter. Finally, Trillium Asset Management LLC grew its position in Travelers Companies by 113.4% during the first quarter. Trillium Asset Management LLC now owns 235,483 shares of the insurance provider’s stock valued at $32,299,000 after purchasing an additional 125,134 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

TRV stock opened at $147.41 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $38.37 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $148.27.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.23%. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. Travelers Companies’s payout ratio is currently 34.45%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $145.50, for a total value of $1,818,750.00. Following the completion of the sale, the insider now directly owns 244,745 shares of the company’s stock, valued at $35,610,397.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 8,138 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 239,745 shares of the company’s stock, valued at $31,303,504.65. The disclosure for this sale can be found here. Insiders sold 289,026 shares of company stock valued at $40,056,119 over the last three months. Insiders own 0.73% of the company’s stock.

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. UBS Group boosted their price objective on shares of Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $145.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, Morgan Stanley boosted their target price on shares of Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $140.58.

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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.

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

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