Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Position in The Travelers Companies, Inc. $TRV

Key Points

• Commonwealth of Pennsylvania Public School Employees’ Retirement System reduced its Travelers stake by 6.8% in the second quarter, selling 3,403 shares and retaining 46,968 shares valued at approximately $15.5 million.
• Travelers reported quarterly EPS of $10.04, exceeding the $5.41 analyst consensus, while revenue reached $12.15 billion. Institutional investors own 82.45% of the company, though insiders have sold more than $22.6 million in shares over the past 90 days.
• Travelers declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26, below the reported $370.32 share price.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,968 shares of the insurance provider's stock after selling 3,403 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Travelers Companies were worth $15,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Travelers Companies during the fourth quarter worth approximately $276,000. WINTON GROUP Ltd acquired a new position in Travelers Companies during the second quarter worth approximately $382,000. CIBC Asset Management Inc lifted its stake in Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock valued at $18,336,000 after buying an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock valued at $28,254,000 after acquiring an additional 2,117 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company's stock.

Travelers Companies Stock Up 0.0%

TRV stock opened at $370.32 on Friday. The stock has a market capitalization of $77.24 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a fifty day moving average of $344.64 and a 200-day moving average of $314.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $6.51 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio is 13.39%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an "in-line" rating in a report on Friday, July 10th. Barclays increased their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Morgan Stanley lifted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. raised Travelers Companies from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $354.26.

Travelers Companies Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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