California State Teachers Retirement System Sells 14,350 Shares of The Travelers Companies, Inc. (NYSE:TRV)

California State Teachers Retirement System reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 360,899 shares of the insurance provider's stock after selling 14,350 shares during the period. California State Teachers Retirement System owned 0.16% of Travelers Companies worth $86,937,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new position in Travelers Companies in the 4th quarter worth about $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $37,000. Asset Planning Inc acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $44,000. Quarry LP grew its position in Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider's stock worth $46,000 after acquiring an additional 152 shares in the last quarter. Finally, Providence First Trust Co acquired a new position in shares of Travelers Companies during the 4th quarter worth $48,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. BMO Capital Markets increased their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Stock Performance

Shares of TRV traded down $2.35 on Thursday, reaching $261.78. 1,153,566 shares of the stock traded hands, compared to its average volume of 1,286,945. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. 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's 50-day moving average price is $255.61 and its 200-day moving average price is $250.87. The firm has a market cap of $59.31 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the previous year, the firm posted $4.69 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.68%. Travelers Companies's payout ratio is currently 23.95%.

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.