The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,304 shares of the insurance provider’s stock after selling 1,043 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Travelers Companies were worth $4,051,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Travelers Companies by 18.3% during the 2nd quarter. Blue Trust Inc. now owns 3,000 shares of the insurance provider’s stock worth $610,000 after buying an additional 464 shares during the period. Everpar Advisors LLC raised its position in Travelers Companies by 9.3% during the second quarter. Everpar Advisors LLC now owns 1,201 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 102 shares during the period. Nisa Investment Advisors LLC raised its position in Travelers Companies by 1.6% during the second quarter. Nisa Investment Advisors LLC now owns 90,198 shares of the insurance provider’s stock worth $18,341,000 after acquiring an additional 1,442 shares during the period. Meridian Investment Counsel Inc. lifted its holdings in Travelers Companies by 4.8% during the second quarter. Meridian Investment Counsel Inc. now owns 20,141 shares of the insurance provider’s stock valued at $4,095,000 after purchasing an additional 920 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Travelers Companies in the second quarter valued at about $3,388,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $217.00 price target (down from $256.00) on shares of Travelers Companies in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. HSBC raised 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. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $251.70.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

Travelers Companies Trading Up 1.0 %

TRV opened at $246.30 on Friday. The business’s 50 day moving average price is $253.03 and its 200 day moving average price is $230.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $55.92 billion, a PE ratio of 12.63, a P/E/G ratio of 1.16 and a beta of 0.63. The Travelers Companies, Inc. has a one year low of $181.03 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 EPS. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

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.