California State Teachers Retirement System Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

California State Teachers Retirement System lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 372,074 shares of the insurance provider’s stock after purchasing an additional 1,507 shares during the quarter. California State Teachers Retirement System’s holdings in Travelers Companies were worth $85,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its holdings in Travelers Companies by 265.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,695 shares of the insurance provider’s stock valued at $2,231,000 after buying an additional 7,043 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Travelers Companies by 6.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 913,176 shares of the insurance provider’s stock valued at $210,158,000 after purchasing an additional 58,703 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Travelers Companies during the first quarter valued at approximately $959,000. Zurich Insurance Group Ltd FI bought a new position in shares of Travelers Companies during the first quarter valued at approximately $88,190,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Travelers Companies by 16,666.7% during the first quarter. Beaird Harris Wealth Management LLC now owns 503 shares of the insurance provider’s stock valued at $116,000 after purchasing an additional 500 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

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

Travelers Companies Stock Down 1.8 %

Shares of NYSE TRV traded down $3.98 during mid-day trading on Wednesday, reaching $216.44. The company had a trading volume of 1,416,264 shares, compared to its average volume of 1,373,856. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $49.33 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.11 and a beta of 0.61. The stock’s 50 day moving average is $209.73 and its 200-day moving average is $214.86.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Evercore ISI cut their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Finally, William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $221.11.

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.