New York State Teachers Retirement System Has $51.53 Million Stake in The Travelers Companies, Inc. $TRV

Key Points

• The New York State Teachers Retirement System holds a stake of $51.53 million in The Travelers Companies, having trimmed its position by 0.5% during the second quarter.
• The Travelers Companies recently reported earnings of $8.14 per share, surpassing analysts' expectations of $6.01, with revenue reaching $11.47 billion for the quarter.
• A quarterly dividend of $1.10 per share is set to be paid on December 31st, representing an annualized yield of 1.7%.

New York State Teachers Retirement System trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,602 shares of the insurance provider's stock after selling 981 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Travelers Companies worth $51,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in TRV. Valeo Financial Advisors LLC raised its stake in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock valued at $967,646,000 after acquiring an additional 3,611,758 shares in the last quarter. Nuveen LLC bought a new position in shares of Travelers Companies in the 1st quarter valued at approximately $294,755,000. Bahl & Gaynor Inc. raised its stake in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after acquiring an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after acquiring an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock valued at $197,686,000 after acquiring an additional 342,666 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $261.61 on Friday. The business's fifty day moving average price is $273.99 and its two-hundred day moving average price is $266.31. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The stock has a market capitalization of $58.90 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.98 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts' consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.47 billion for the quarter, compared to analysts' expectations of $11.15 billion. During the same period in the prior year, the business posted $5.24 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. As a group, analysts predict 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. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's payout ratio is currently 19.46%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction 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 disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRV. Citigroup began coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target on the stock. UBS Group lifted their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Wolfe Research began coverage on Travelers Companies in a research report on Monday, September 15th. They issued a "peer perform" rating on the stock. Finally, Morgan Stanley lifted their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $291.59.

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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