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

Maryland State Retirement & Pension System lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,201 shares of the insurance provider’s stock after selling 855 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Travelers Companies were worth $2,939,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. True Wealth Design LLC bought a new position in Travelers Companies in the third quarter worth approximately $41,000. Asset Planning Inc bought a new position in Travelers Companies in the fourth quarter worth approximately $44,000. Providence First Trust Co bought a new position in Travelers Companies in the fourth quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. bought a new position in Travelers Companies in the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $259.36 on Friday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $58.80 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 4.65 and a beta of 0.60. The firm’s fifty day moving average is $247.81 and its two-hundred day moving average is $246.73.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company earned $7.01 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRV. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $261.05.

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.