Teacher Retirement System of Texas Lowers Stock Holdings in The Travelers Companies, Inc. $TRV

Teacher Retirement System of Texas lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.2% during the second quarter, HoldingsChannel.com reports. The firm owned 100,367 shares of the insurance provider’s stock after selling 16,652 shares during the period. Teacher Retirement System of Texas’ holdings in Travelers Companies were worth $26,852,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd boosted its position in Travelers Companies by 66.8% during the second quarter. Y Intercept Hong Kong Ltd now owns 10,601 shares of the insurance provider’s stock worth $2,836,000 after purchasing an additional 4,247 shares in the last quarter. Convergence Investment Partners LLC boosted its position in Travelers Companies by 476.5% during the second quarter. Convergence Investment Partners LLC now owns 4,652 shares of the insurance provider’s stock worth $1,245,000 after purchasing an additional 3,845 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Travelers Companies by 2.2% during the second quarter. Bessemer Group Inc. now owns 10,951 shares of the insurance provider’s stock valued at $2,930,000 after acquiring an additional 238 shares during the last quarter. Schmidt P J Investment Management Inc. raised its holdings in shares of Travelers Companies by 24.8% during the second quarter. Schmidt P J Investment Management Inc. now owns 1,960 shares of the insurance provider’s stock valued at $524,000 after acquiring an additional 390 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of Travelers Companies by 22.3% during the second quarter. Banco Santander S.A. now owns 49,612 shares of the insurance provider’s stock valued at $13,273,000 after acquiring an additional 9,054 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TRV. Citigroup began coverage on Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. Barclays set a $313.00 target price on Travelers Companies in a report on Wednesday, October 8th. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Finally, UBS Group increased their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $291.31.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $270.14 on Tuesday. The stock has a market cap of $60.26 billion, a PE ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a 50 day moving average price of $274.23 and a 200 day moving average price of $267.49.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $5.24 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is presently 17.30%.

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.