Arizona State Retirement System Trims Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Arizona State Retirement System cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,388 shares of the insurance provider’s stock after selling 269 shares during the quarter. Arizona State Retirement System’s holdings in Travelers Companies were worth $15,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter valued at about $27,000. True Wealth Design LLC bought a new stake in Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the 4th quarter valued at about $44,000. Providence First Trust Co bought a new stake in Travelers Companies during the 4th quarter valued at about $48,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter valued at about $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TRV shares. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Finally, Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

TRV opened at $257.97 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market cap of $58.49 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60. The company’s 50 day moving average is $244.16 and its 200 day moving average is $244.09. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $10.80 billion. During the same quarter last year, the business earned $7.01 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.