The Travelers Companies, Inc. (NYSE:TRV) Position Lowered by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,019,131 shares of the insurance provider's stock after selling 1,267 shares during the quarter. California Public Employees Retirement System owned approximately 0.45% of Travelers Companies worth $245,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after purchasing an additional 117,108 shares in the last quarter. State Street Corp raised its holdings in shares of Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after acquiring an additional 120,228 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after acquiring an additional 114,714 shares in the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter valued at $560,918,000. Finally, Charles Schwab Investment Management Inc. increased its position in Travelers Companies by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock worth $366,820,000 after purchasing an additional 26,117 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have issued reports on TRV shares. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Wells Fargo & Company increased their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $260.00.

Travelers Companies Stock Up 0.0 %

Shares of TRV traded up $0.04 during mid-day trading on Wednesday, reaching $264.58. 1,048,029 shares of the stock traded hands, compared to its average volume of 1,277,425. The firm has a market cap of $59.99 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The stock has a fifty day simple moving average of $251.56 and a 200 day simple moving average of $248.47. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.01 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. Travelers Companies's dividend payout ratio (DPR) is presently 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.