State of Alaska Department of Revenue Has $11.14 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

State of Alaska Department of Revenue reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,422 shares of the insurance provider’s stock after selling 7,750 shares during the quarter. State of Alaska Department of Revenue’s holdings in Travelers Companies were worth $11,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Quarterback LLC increased its holdings in Travelers Companies by 1.1% in the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after buying an additional 49 shares during the period. Kapitalo Investimentos Ltda lifted its stake in Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Travelers Companies by 9.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares in the last quarter. Norwood Financial Corp increased its stake in shares of Travelers Companies by 16.1% in the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 50 shares during the last quarter. Finally, Grimes & Company Inc. raised its holdings in shares of Travelers Companies by 2.2% during 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 in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock opened at $203.66 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The stock’s 50 day simple moving average is $212.03 and its 200 day simple moving average is $211.99. The company has a market cap of $46.64 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.11 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.52 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were given a dividend of $1.05 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 2.06%. Travelers Companies’s payout ratio is presently 31.20%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRV shares. Evercore ISI dropped their target price on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. HSBC boosted their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Keefe, Bruyette & Woods reduced their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Finally, Citigroup reiterated a “sell” rating and issued a $200.00 price objective (down previously from $226.00) on shares of Travelers Companies in a report on Friday, June 28th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $221.12.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is owned by corporate insiders.

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.