Public Employees Retirement System of Ohio Sells 7,088 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Public Employees Retirement System of Ohio cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,815 shares of the insurance provider's stock after selling 7,088 shares during the period. Public Employees Retirement System of Ohio's holdings in Travelers Companies were worth $26,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $30,000. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $37,000. Fourth Dimension Wealth LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $40,000. Finally, Asset Planning Inc acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $44,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.8%

NYSE TRV traded down $2.18 during trading hours on Wednesday, reaching $273.70. The company's stock had a trading volume of 1,646,346 shares, compared to its average volume of 1,294,325. The firm has a fifty day simple moving average of $260.51 and a 200-day simple moving average of $253.26. The stock has a market cap of $62.01 billion, a P/E ratio of 12.75, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $280.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the business earned $4.69 EPS. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.61%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRV. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Barclays reduced their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $271.11.

Travelers Companies 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.