Louisiana State Employees Retirement System Takes $2.63 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Louisiana State Employees Retirement System purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,800 shares of the insurance provider’s stock, valued at approximately $2,629,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grimes & Company Inc. lifted its holdings in shares of Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after buying an additional 53 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Travelers Companies by 1.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after buying an additional 58 shares during the period. Schmidt P J Investment Management Inc. lifted its holdings in shares of Travelers Companies by 4.0% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock worth $339,000 after buying an additional 61 shares during the period. Farmers Trust Co. lifted its holdings in shares of Travelers Companies by 4.5% in the 4th quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock worth $290,000 after buying an additional 66 shares during the period. Finally, Meeder Advisory Services Inc. lifted its stake in shares of Travelers Companies by 2.3% during the 4th quarter. Meeder Advisory Services Inc. now owns 2,957 shares of the insurance provider’s stock worth $563,000 after purchasing an additional 67 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

NYSE TRV opened at $221.06 on Tuesday. The company has a market cap of $50.65 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. The stock’s 50 day simple moving average is $221.82 and its 200-day simple moving average is $195.68. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating the consensus estimate of $5.10 by $1.91. The business had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.40 earnings per share. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.62 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 annualized dividend and a dividend yield of 1.81%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRV shares. TD Cowen started coverage on Travelers Companies in a research note on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $215.00 to $241.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. UBS Group upped their target price on Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. The Goldman Sachs Group upped their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday. Finally, Raymond James upped their target price on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $215.71.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 over the last quarter. 1.33% of the stock is currently owned by corporate insiders.

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.