California State Teachers Retirement System Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

California State Teachers Retirement System lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 407,102 shares of the insurance provider’s stock after selling 7,329 shares during the period. California State Teachers Retirement System’s holdings in Travelers Companies were worth $62,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its position in Travelers Companies by 1.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after buying an additional 58 shares during the period. International Assets Investment Management LLC increased its stake in shares of Travelers Companies by 2.3% during the 2nd quarter. International Assets Investment Management LLC now owns 2,580 shares of the insurance provider’s stock worth $436,000 after purchasing an additional 59 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in shares of Travelers Companies by 3.0% in the 3rd quarter. Evermay Wealth Management LLC now owns 2,050 shares of the insurance provider’s stock worth $314,000 after purchasing an additional 60 shares during the period. SlateStone Wealth LLC lifted its stake in Travelers Companies by 2.9% in the third quarter. SlateStone Wealth LLC now owns 2,148 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 61 shares during the last quarter. Finally, Virtus ETF Advisers LLC grew its holdings in Travelers Companies by 1.4% during the third quarter. Virtus ETF Advisers LLC now owns 4,332 shares of the insurance provider’s stock valued at $664,000 after purchasing an additional 61 shares during the period. Institutional investors own 81.59% of the company’s stock.

Travelers Companies Stock Up 3.4 %

TRV stock opened at $172.21 on Friday. The company’s 50 day moving average is $184.94 and its 200 day moving average is $178.58. The stock has a market cap of $39.97 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.42 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $149.65 and a 1-year high of $194.51.

Travelers Companies (NYSE:TRV – Get Rating) last announced its earnings results on Tuesday, January 24th. The insurance provider reported $3.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.40. Travelers Companies had a net margin of 7.71% and a return on equity of 13.34%. The company had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same period in the previous year, the business earned $5.20 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Sell-side analysts predict that The Travelers Companies, Inc. will post 14.11 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, March 9th. Travelers Companies’s dividend payout ratio is currently 31.66%.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 9,000 shares of the stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $191.42, for a total transaction of $1,722,780.00. Following the transaction, the insider now owns 251,605 shares of the company’s stock, valued at approximately $48,162,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Vice Chairman William H. Heyman sold 9,000 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $191.42, for a total transaction of $1,722,780.00. Following the transaction, the insider now directly owns 251,605 shares of the company’s stock, valued at $48,162,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 150,829 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $188.53, for a total value of $28,435,791.37. Following the completion of the sale, the chief executive officer now directly owns 196,914 shares of the company’s stock, valued at approximately $37,124,196.42. The disclosure for this sale can be found here. Insiders have sold 188,163 shares of company stock worth $35,402,200 over the last ninety days. Insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRV shares. Wells Fargo & Company upped their price target on Travelers Companies from $180.00 to $181.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 25th. Barclays cut their target price on shares of Travelers Companies from $197.00 to $196.00 and set an “equal weight” rating for the company in a research report on Thursday, January 19th. Raymond James boosted their price target on shares of Travelers Companies from $200.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 25th. Royal Bank of Canada raised their price objective on shares of Travelers Companies from $190.00 to $195.00 in a report on Wednesday, January 25th. Finally, StockNews.com began coverage on shares of Travelers Companies in a research note on Thursday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $189.71.

Travelers Companies Profile

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The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment provides an array of property and casualty insurance, and insurance related services to its customers primarily in the U.S., as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world as a corporate member of Lloyd’s.