The Travelers Companies, Inc. (NYSE:TRV) Stock Position Lifted by Arizona State Retirement System

Arizona State Retirement System raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 66,624 shares of the insurance provider's stock after buying an additional 1,236 shares during the quarter. Arizona State Retirement System's holdings in Travelers Companies were worth $17,619,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the period. FMR LLC raised its position in shares of Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock worth $3,439,392,000 after buying an additional 229,160 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after buying an additional 182,270 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after acquiring an additional 70,036 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider directly owned 48,387 shares in the company, valued at $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 in the last 90 days. Corporate insiders own 1.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TRV shares. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Wells Fargo & Company lifted their target price on Travelers Companies from $260.00 to $264.00 and gave the stock an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Finally, Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $271.00.

Travelers Companies Stock Down 0.7%

Shares of TRV traded down $1.73 during mid-day trading on Friday, reaching $254.26. The company's stock had a trading volume of 782,224 shares, compared to its average volume of 1,287,533. The company has a market cap of $57.43 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 3.72 and a beta of 0.51. The business has a fifty day moving average of $267.10 and a 200 day moving average of $255.80. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 1 year low of $202.95 and a 1 year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same period in the previous year, the firm earned $4.69 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, June 10th. Travelers Companies's dividend payout ratio is 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.