The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 315,341 shares of the insurance provider's stock after selling 2,000 shares during the quarter. New York State Common Retirement Fund owned 0.14% of Travelers Companies worth $75,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Travelers Companies by 36.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider's stock valued at $3,894,000 after buying an additional 4,474 shares during the period. Ledyard National Bank lifted its stake in Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock worth $484,000 after purchasing an additional 39 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in Travelers Companies by 87.2% during the third quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider's stock worth $484,000 after purchasing an additional 962 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Travelers Companies by 43.2% during the third quarter. Sequoia Financial Advisors LLC now owns 10,341 shares of the insurance provider's stock worth $2,421,000 after purchasing an additional 3,122 shares during the last quarter. Finally, Eastern Bank purchased a new stake in Travelers Companies during the third quarter worth approximately $629,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TRV shares. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average price target of $261.05.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $2.06 on Friday, hitting $239.18. The company had a trading volume of 377,309 shares, compared to its average volume of 1,312,585. 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 Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The business has a 50 day moving average of $242.17 and a 200 day moving average of $241.29. The company has a market cap of $54.23 billion, a PE ratio of 11.14, a PEG ratio of 4.67 and a beta of 0.64.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.76%. Travelers Companies's payout ratio is currently 19.56%.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.33% of the company's stock.

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.