The Travelers Companies, Inc. (TRV) Holdings Lessened by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535,562 shares of the insurance provider’s stock after selling 64,124 shares during the period. California State Teachers Retirement System owned about 0.19% of The Travelers Companies worth $67,765,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in The Travelers Companies by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock worth $2,754,501,000 after buying an additional 217,625 shares in the last quarter. BlackRock Inc. raised its stake in The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares in the last quarter. State Street Corp raised its stake in The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares in the last quarter. FMR LLC raised its stake in The Travelers Companies by 6.4% in the second quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock worth $888,314,000 after buying an additional 424,036 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares in the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.

In related news, Vice Chairman Jay S. Benet sold 16,566 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the sale, the insider now owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the transaction, the insider now owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,323 shares of company stock worth $16,436,703. 0.82% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “The Travelers Companies, Inc. (TRV) Holdings Lessened by California State Teachers Retirement System” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2957535/the-travelers-companies-inc-trv-holdings-lessened-by-california-state-teachers-retirement-system.html.

The Travelers Companies, Inc. (NYSE TRV) traded up 0.83% during midday trading on Friday, hitting $127.00. 165,955 shares of the stock traded hands. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The company’s 50 day moving average is $122.26 and its 200-day moving average is $123.93. The company has a market cap of $35.05 billion, a P/E ratio of 12.65 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.15). The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post $7.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies declared that its Board of Directors has initiated a share repurchase program on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of equities analysts recently commented on the stock. Citigroup Inc. reduced their price objective on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. UBS AG reduced their price objective on shares of The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 19th. Wells Fargo & Company reissued a “hold” rating and issued a $125.00 price objective on shares of The Travelers Companies in a research note on Tuesday, September 12th. Finally, Credit Suisse Group reduced their price objective on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $125.71.

The Travelers Companies Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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

Receive News & Ratings for The Travelers Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.