Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,515 Shares of The Travelers Companies, Inc. $TRV

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,371 shares of the insurance provider’s stock after selling 1,515 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Travelers Companies were worth $14,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TRV. Arbejdsmarkedets Tillaegspension purchased a new position in Travelers Companies in the fourth quarter worth $24,167,000. Rit Capital Partners PLC purchased a new stake in Travelers Companies during the fourth quarter valued at about $39,450,000. Robeco Institutional Asset Management B.V. lifted its stake in Travelers Companies by 17.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after purchasing an additional 133,152 shares during the last quarter. AIA Group Ltd purchased a new position in shares of Travelers Companies during the 3rd quarter valued at about $1,773,000. Finally, Danske Bank A S bought a new stake in Travelers Companies in the 3rd quarter worth approximately $52,339,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TRV shares. BMO Capital Markets upped their target price on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a report on Monday. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a report on Tuesday, May 26th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Travelers Companies in a research note on Monday, July 6th. Finally, Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $331.21.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $341.31 on Tuesday. The firm has a market cap of $72.58 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 3.04 and a beta of 0.46. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $349.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The business has a 50 day moving average price of $310.91 and a 200-day moving average price of $300.16.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 28.17 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were issued a $1.25 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is 14.88%.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.