New York State Teachers Retirement System Sells 4,011 Shares of The Travelers Companies, Inc. $TRV

Key Points

• New York State Teachers Retirement System sold 4,011 shares of The Travelers Companies in Q4, trimming its holding by 2.1% to 184,855 shares worth about $53.62 million (roughly 0.08% of the company).
• Travelers beat Q1 expectations with $7.71 EPS vs. $6.80 expected and $11.92B revenue, and its board authorized a $5.0 billion share repurchase program (≈8.3% of shares) while raising the quarterly dividend to $1.25 ($5.00 annual).
• Company insiders sold a total of 103,706 shares (~$31.0 million) over the last quarter — including CEO Alan Schnitzer’s sale of 55,733 shares — leaving insiders with about 1.39% ownership.

New York State Teachers Retirement System reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,855 shares of the insurance provider's stock after selling 4,011 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Travelers Companies worth $53,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Osterweis Capital Management Inc. boosted its stake in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after acquiring an additional 91 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider's stock worth $27,000 after acquiring an additional 55 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $28,000. SOA Wealth Advisors LLC. boosted its stake in shares of Travelers Companies by 65.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 119 shares of the insurance provider's stock worth $33,000 after acquiring an additional 47 shares during the period. Finally, eCIO Inc. bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $37,000. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the company's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares of the company's stock, valued at $15,049,010.86. This represents a 12.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 55,733 shares of the company's stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer directly owned 260,329 shares of the company's stock, valued at approximately $76,718,956.30. The trade was a 17.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 103,706 shares of company stock worth $30,991,761. Company insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $304.99 on Friday. The stock has a fifty day moving average price of $300.75 and a 200-day moving average price of $289.49. The company has a market cap of $64.85 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 2.75 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts' consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the company posted $1.91 EPS. The company's revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 28.04 EPS for the current fiscal year.

Travelers Companies declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.10. Travelers Companies's payout ratio is currently 14.88%.

Analyst Ratings Changes

Several analysts recently issued reports on TRV shares. Citigroup restated a "neutral" rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Barclays boosted their price target on Travelers Companies from $312.00 to $331.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Jefferies Financial Group upgraded Travelers Companies to a "hold" rating in a research note on Tuesday, January 6th. Roth Mkm restated a "buy" rating on shares of Travelers Companies in a research note on Monday, April 20th. Finally, Brean Capital started coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a "neutral" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $309.13.

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.