New York State Common Retirement Fund Sells 2,000 Shares of The Travelers Companies, Inc. (NYSE:TRV)

New York State Common Retirement Fund lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 315,341 shares of the insurance provider’s stock after selling 2,000 shares during the period. New York State Common Retirement Fund’s holdings in Travelers Companies were worth $75,962,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. State Street Corp boosted its stake in shares of Travelers Companies by 0.8% in the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after purchasing an additional 120,228 shares during the last quarter. FMR LLC boosted its stake in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Travelers Companies by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after purchasing an additional 10,285 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Travelers Companies by 4.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock valued at $254,169,000 after purchasing an additional 41,683 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $242.18 on Thursday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $242.22 and its 200-day moving average is $241.29. The company has a market capitalization of $54.91 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business earned $7.01 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.78 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TRV shares. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $261.05.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.33% of the company’s stock.

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.