Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,347 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,271 shares of the insurance provider's stock after selling 1,347 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Travelers Companies were worth $11,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TRV. Thrivent Financial for Lutherans lifted its position in Travelers Companies by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider's stock valued at $3,982,000 after acquiring an additional 1,360 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Travelers Companies by 61.1% in the 3rd quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider's stock valued at $1,109,000 after purchasing an additional 1,794 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at $84,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Travelers Companies during the 3rd quarter worth $405,000. Finally, Cornerstone Advisors LLC raised its position in shares of Travelers Companies by 46.0% in the 3rd quarter. Cornerstone Advisors LLC now owns 9,200 shares of the insurance provider's stock worth $2,154,000 after buying an additional 2,900 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Travelers Companies Trading Up 0.9 %

Shares of NYSE:TRV traded up $2.28 during mid-day trading on Wednesday, hitting $261.73. The stock had a trading volume of 1,111,428 shares, compared to its average volume of 1,183,700. The company's 50 day moving average is $249.27 and its 200-day moving average is $247.54. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $59.34 billion, a PE ratio of 12.19, a P/E/G ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRV. Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research note on Monday. Finally, StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $260.00.

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.