Teachers Retirement System of The State of Kentucky Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Teachers Retirement System of The State of Kentucky reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,888 shares of the insurance provider’s stock after selling 1,070 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Travelers Companies were worth $3,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new position in Travelers Companies in the third quarter valued at $2,960,000. Envestnet Asset Management Inc. boosted its holdings in Travelers Companies by 57.7% in the third quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after purchasing an additional 229,071 shares during the period. Robertson Stephens Wealth Management LLC raised its stake in Travelers Companies by 48.3% in the third quarter. Robertson Stephens Wealth Management LLC now owns 1,906 shares of the insurance provider’s stock valued at $311,000 after buying an additional 621 shares in the last quarter. Pearl River Capital LLC raised its stake in Travelers Companies by 48.7% in the third quarter. Pearl River Capital LLC now owns 2,506 shares of the insurance provider’s stock valued at $409,000 after buying an additional 821 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Travelers Companies in the third quarter valued at $540,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of TRV opened at $208.51 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The stock’s 50 day moving average is $213.97 and its two-hundred day moving average is $210.28. The firm has a market capitalization of $47.75 billion, a PE ratio of 15.49, a P/E/G ratio of 1.06 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $10.62 billion. During the same period in the prior year, the firm posted $4.11 EPS. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.86 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Monday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. The Goldman Sachs Group raised their price target on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Jefferies Financial Group cut their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Piper Sandler reiterated a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. Finally, Roth Mkm reiterated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $222.65.

Travelers Companies 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.