Maryland State Retirement & Pension System Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Maryland State Retirement & Pension System lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,893 shares of the insurance provider’s stock after buying an additional 288 shares during the period. Maryland State Retirement & Pension System’s holdings in Travelers Companies were worth $4,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Travelers Companies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Travelers Companies by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after buying an additional 154,886 shares in the last quarter. Norges Bank purchased a new position in shares of Travelers Companies in the fourth quarter worth about $282,593,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Travelers Companies by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after buying an additional 40,114 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Travelers Companies by 42.5% in the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after buying an additional 355,489 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 1.1 %

Travelers Companies stock traded down $2.30 during trading on Friday, reaching $201.39. The stock had a trading volume of 47,124 shares, compared to its average volume of 1,378,625. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The business has a 50 day moving average price of $211.63 and a 200 day moving average price of $211.88. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market cap of $46.12 billion, a PE ratio of 15.13, a P/E/G ratio of 1.09 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.11 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 17.44 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 31.20%.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. TD Cowen cut their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. HSBC raised their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $221.12.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies 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 directly 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 accessible through this hyperlink. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies 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 directly 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 accessible through this hyperlink. 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 transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by 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.