The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 18.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 936,058 shares of the insurance provider’s stock after purchasing an additional 144,566 shares during the quarter. California Public Employees Retirement System’s holdings in Travelers Companies were worth $178,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. First Command Advisory Services Inc. acquired a new stake in Travelers Companies in the third quarter worth approximately $26,000. Arlington Trust Co LLC bought a new position in shares of Travelers Companies in the third quarter valued at $27,000. AM Squared Ltd raised its stake in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Valued Wealth Advisors LLC acquired a new stake in Travelers Companies during the 4th quarter valued at $40,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Travelers Companies during the 4th quarter valued at $41,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday. The Goldman Sachs Group increased their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Raymond James raised their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Morgan Stanley raised their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, UBS Group decreased their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $223.18.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $211.02, for a total value of $633,060.00. Following the completion of the sale, the executive vice president now owns 2,215 shares of the company’s stock, valued at approximately $467,409.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Maria Olivo sold 10,553 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the completion of the transaction, the executive vice president now directly owns 103,443 shares in the company, valued at approximately $22,026,117.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $211.02, for a total transaction of $633,060.00. Following the transaction, the executive vice president now owns 2,215 shares of the company’s stock, valued at $467,409.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,734 shares of company stock valued at $14,637,364. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.3 %

TRV stock traded down $0.61 during midday trading on Tuesday, hitting $213.66. The company’s stock had a trading volume of 155,147 shares, compared to its average volume of 1,488,235. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company’s fifty day moving average price is $221.78 and its 200 day moving average price is $197.48. The stock has a market capitalization of $48.93 billion, a P/E ratio of 15.92, a PEG ratio of 1.12 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the firm posted $4.11 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. Travelers Companies’s payout ratio is presently 29.72%.

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.