Teacher Retirement System of Texas Buys 199,340 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Teacher Retirement System of Texas lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 148.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 334,053 shares of the insurance provider's stock after buying an additional 199,340 shares during the period. Teacher Retirement System of Texas owned approximately 0.15% of Travelers Companies worth $80,470,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRV. Sandy Spring Bank raised its position in Travelers Companies by 6.2% in the fourth quarter. Sandy Spring Bank now owns 1,533 shares of the insurance provider's stock worth $369,000 after acquiring an additional 89 shares in the last quarter. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $37,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Travelers Companies by 206.5% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,615 shares of the insurance provider's stock worth $389,000 after purchasing an additional 1,088 shares in the last quarter. Vinva Investment Management Ltd lifted its stake in Travelers Companies by 43.9% during the fourth quarter. Vinva Investment Management Ltd now owns 18,260 shares of the insurance provider's stock valued at $4,380,000 after purchasing an additional 5,573 shares during the last quarter. Finally, Stokes Family Office LLC bought a new stake in Travelers Companies during the fourth quarter worth approximately $224,000. Institutional investors and hedge funds own 82.45% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on TRV shares. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies 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 upped their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $260.00.

Travelers Companies Stock Up 1.2 %

NYSE TRV traded up $3.00 on Monday, reaching $259.70. The stock had a trading volume of 1,240,000 shares, compared to its average volume of 1,183,365. 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 1 year low of $200.21 and a 1 year high of $269.56. The business has a 50 day moving average price of $248.29 and a 200 day moving average price of $247.17. The company has a market capitalization of $58.88 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last posted 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the previous year, the company earned $7.01 earnings per share. The company's revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Travelers Companies 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.