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

New York State Teachers Retirement System cut its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,996 shares of the insurance provider's stock after selling 4,263 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Travelers Companies worth $47,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. YANKCOM Partnership acquired a new position in Travelers Companies in the 4th quarter valued at approximately $27,000. Wolff Wiese Magana LLC boosted its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new position in Travelers Companies in the third quarter valued at about $41,000. Asset Planning Inc purchased a new stake in Travelers Companies during the fourth quarter valued at about $44,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company's stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

Travelers Companies stock traded up $3.78 during trading hours on Wednesday, hitting $242.18. 1,330,814 shares of the stock traded hands, compared to its average volume of 1,353,044. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $54.91 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.14 and a beta of 0.64. The firm's 50 day moving average price is $242.28 and its 200-day moving average price is $241.29.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for 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 revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $7.01 EPS. As a group, equities analysts expect that The Travelers Companies, Inc. will post 18.78 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. UBS Group increased their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and increased their target price for the company from $275.00 to $286.00 in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and an average target price of $261.05.

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.