California Public Employees Retirement System Cuts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

California Public Employees Retirement System reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,019,131 shares of the insurance provider’s stock after selling 1,267 shares during the period. California Public Employees Retirement System’s holdings in Travelers Companies were worth $245,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group increased its holdings in Travelers Companies by 214.7% in the 4th quarter. Schroder Investment Management Group now owns 103,660 shares of the insurance provider’s stock worth $24,865,000 after buying an additional 70,721 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Travelers Companies by 9.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 945,770 shares of the insurance provider’s stock worth $227,827,000 after acquiring an additional 82,743 shares during the period. Allianz SE bought a new stake in shares of Travelers Companies in the fourth quarter worth approximately $209,000. Michael A. Dubis Financial Planning LLC purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $535,000. Finally, Allstate Corp bought a new position in Travelers Companies during the fourth quarter valued at approximately $1,682,000. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRV. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $260.00.

Travelers Companies Trading Down 0.3 %

TRV stock opened at $261.86 on Monday. The company has a market capitalization of $59.37 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The business has a 50 day simple moving average of $250.56 and a two-hundred day simple moving average of $248.07.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.01 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Travelers Companies Company 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.