Public Employees Retirement Association of Colorado Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Public Employees Retirement Association of Colorado lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,520 shares of the insurance provider’s stock after selling 470 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Travelers Companies were worth $6,409,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Gryphon Financial Partners LLC boosted its holdings in shares of Travelers Companies by 35.4% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock valued at $444,000 after purchasing an additional 623 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Travelers Companies by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 10,553 shares of the insurance provider’s stock valued at $2,010,000 after purchasing an additional 164 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Travelers Companies by 3.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,926 shares of the insurance provider’s stock valued at $5,129,000 after purchasing an additional 836 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $455,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Travelers Companies by 126.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,573 shares of the insurance provider’s stock valued at $3,187,000 after purchasing an additional 9,240 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent research reports. Barclays initiated coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Citigroup boosted their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Trading Up 0.4 %

TRV stock opened at $238.53 on Friday. The company’s 50-day simple moving average is $221.42 and its 200-day simple moving average is $217.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The firm has a market cap of $54.37 billion, a P/E ratio of 17.72, a PEG ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.76%. Travelers Companies’s payout ratio is 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is owned by insiders.

About Travelers Companies

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.