State of Alaska Department of Revenue Trims 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 first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,422 shares of the insurance provider’s stock after selling 7,750 shares during the period. 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.

Other hedge funds have also bought and sold shares of the company. Johnson Investment Counsel Inc. lifted its holdings in shares of Travelers Companies by 29.0% during the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock valued at $879,000 after purchasing an additional 1,037 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new stake in Travelers Companies during the 4th quarter valued at about $1,973,000. Dynamic Advisor Solutions LLC increased its stake in Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after purchasing an additional 7,649 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in Travelers Companies by 552.8% in the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after acquiring an additional 140,622 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup reissued a “sell” rating and issued a $200.00 target price (down previously from $226.00) on shares of Travelers Companies in a report on Friday, June 28th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $221.12.

Insider Buying and Selling

In related 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 value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at $3,941,843.50. 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 Stock Performance

Travelers Companies stock opened at $203.66 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The firm has a market capitalization of $46.64 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.08 and a beta of 0.61. The firm has a 50 day moving average of $212.03 and a 200 day moving average of $211.99.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period last year, the company earned $4.11 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.52 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were paid a $1.05 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 2.06%. Travelers Companies’s dividend payout ratio is 31.20%.

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.