Maryland State Retirement & Pension System Has $2.94 Million Stake in The Travelers Companies, Inc. $TRV

Maryland State Retirement & Pension System boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,988 shares of the insurance provider’s stock after buying an additional 306 shares during the period. Maryland State Retirement & Pension System’s holdings in Travelers Companies were worth $2,940,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Northern Financial Advisors Inc grew its stake in Travelers Companies by 1.9% during the second quarter. Northern Financial Advisors Inc now owns 6,699 shares of the insurance provider’s stock worth $1,792,000 after buying an additional 123 shares in the last quarter. Sax Wealth Advisors LLC acquired a new stake in Travelers Companies during the second quarter worth about $554,000. SGL Investment Advisors Inc. boosted its stake in shares of Travelers Companies by 1.8% in the 2nd quarter. SGL Investment Advisors Inc. now owns 19,733 shares of the insurance provider’s stock valued at $5,059,000 after purchasing an additional 345 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Travelers Companies by 50.3% in the 2nd quarter. Shell Asset Management Co. now owns 22,603 shares of the insurance provider’s stock valued at $6,047,000 after purchasing an additional 7,568 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Travelers Companies by 1.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 80,679 shares of the insurance provider’s stock valued at $21,585,000 after purchasing an additional 900 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TRV shares. Weiss Ratings restated a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group raised their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $290.11.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Travelers Companies Stock Down 1.6%

NYSE:TRV opened at $269.92 on Friday. The firm’s 50 day simple moving average is $273.66 and its 200 day simple moving average is $266.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a market cap of $60.77 billion, a PE ratio of 11.94, a P/E/G ratio of 3.13 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the company earned $2.51 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s payout ratio is 19.46%.

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.