The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,320 shares of the insurance provider’s stock after selling 16,838 shares during the period. Illinois Municipal Retirement Fund’s holdings in Travelers Companies were worth $14,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PDS Planning Inc increased its stake in shares of Travelers Companies by 28.8% during the fourth quarter. PDS Planning Inc now owns 1,649 shares of the insurance provider’s stock worth $314,000 after purchasing an additional 369 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Travelers Companies by 18.3% during the fourth quarter. California Public Employees Retirement System now owns 936,058 shares of the insurance provider’s stock worth $178,310,000 after purchasing an additional 144,566 shares in the last quarter. RWA Wealth Partners LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $335,000. Monument Capital Management purchased a new stake in Travelers Companies during the 4th quarter valued at about $253,000. Finally, Lee Danner & Bass Inc. grew its stake in Travelers Companies by 0.7% during the 4th quarter. Lee Danner & Bass Inc. now owns 17,510 shares of the insurance provider’s stock valued at $3,335,000 after acquiring an additional 120 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE:TRV traded up $0.01 during mid-day trading on Tuesday, hitting $214.28. 280,042 shares of the company’s stock traded hands, compared to its average volume of 1,489,992. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50 day simple moving average is $221.78 and its 200 day simple moving average is $197.48. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a market cap of $49.07 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.11 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s payout ratio is 29.72%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold a total of 68,734 shares of company stock worth $14,637,364 over the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TRV has been the subject of several research reports. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday. Finally, Citigroup increased their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $223.18.

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.