NJ State Employees Deferred Compensation Plan Sells 3,300 Shares of The Travelers Companies, Inc. (NYSE:TRV)

NJ State Employees Deferred Compensation Plan lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 35.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,943 shares of the insurance provider’s stock after selling 3,300 shares during the period. NJ State Employees Deferred Compensation Plan’s holdings in Travelers Companies were worth $1,132,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TRV. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the third quarter worth approximately $26,000. Arlington Trust Co LLC purchased a new stake in Travelers Companies in the third quarter worth $27,000. AM Squared Ltd lifted its position in shares of Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $40,000. Finally, OLD Second National Bank of Aurora bought a new position in shares of Travelers Companies in the fourth quarter worth about $41,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,490,710.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,734 shares of company stock worth $16,143,904. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.3 %

Shares of Travelers Companies stock traded down $0.54 during trading on Friday, hitting $213.45. The stock had a trading volume of 1,612,017 shares, compared to its average volume of 1,486,044. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The stock has a 50 day simple moving average of $221.58 and a 200 day simple moving average of $198.06. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $48.88 billion, a PE ratio of 15.82, a P/E/G ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period last year, the firm earned $4.11 earnings per share. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.78 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio is 29.72%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. UBS Group reduced their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday. Raymond James increased their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Finally, TD Cowen lowered their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $223.47.

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.