New York State Common Retirement Fund Sells 25,200 Shares of The Travelers Companies, Inc. (NYSE:TRV)

New York State Common Retirement Fund cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,141 shares of the insurance provider's stock after selling 25,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Travelers Companies worth $76,731,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Putney Financial Group LLC bought a new position in shares of Travelers Companies during the 4th quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies during the 4th quarter valued at about $26,000. Kapitalo Investimentos Ltda bought a new position in shares of Travelers Companies during the 4th quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC bought a new position in Travelers Companies during the 4th quarter worth approximately $33,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TRV shares. Jefferies Financial Group raised their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company raised their price target on Travelers Companies from $260.00 to $264.00 and gave the stock an "equal weight" rating in a research report on Thursday. UBS Group reduced their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. HSBC lowered 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. Finally, Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $271.00.

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,657,685.25. The trade was a 71.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the transaction, the chief executive officer owned 262,329 shares of the company's stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 over the last quarter. Company insiders own 1.46% of the company's stock.

Travelers Companies Trading Down 0.7%

TRV opened at $254.26 on Monday. The stock has a market cap of $57.43 billion, a PE ratio of 13.84, a PEG ratio of 3.73 and a beta of 0.51. 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 business has a 50 day moving average of $267.10 and a 200-day moving average of $255.88. The Travelers Companies, Inc. has a 52 week low of $202.95 and a 52 week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter last year, the business posted $4.69 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is presently 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.

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