The Travelers Companies, Inc. $TRV Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 335,305 shares of the insurance provider's stock after selling 8,036 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Travelers Companies worth $110,690,887 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRV. BlackRock Inc. acquired a new position in Travelers Companies in the second quarter valued at about $6,915,909,000. State Street Corp grew its stake in shares of Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider's stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the period. Dimensional Fund Advisors LP boosted its stake in Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock worth $1,016,433,000 after buying an additional 123,564 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Travelers Companies during the 2nd quarter valued at about $932,142,000. Finally, GQG Partners LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth $789,024,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TRV shares. Truist Financial raised their price objective on Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a report on Monday, July 20th. UBS Group boosted their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Roth Capital increased their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Zacks Research upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group lowered shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 target price on the stock. in a research note on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $354.26.

Insider Activity at Travelers Companies

In related news, EVP Daniel Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Klein sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is owned by company insiders.

Travelers Companies Stock Performance

NYSE:TRV traded down $0.17 during mid-day trading on Tuesday, reaching $377.88. The company's stock had a trading volume of 453,871 shares, compared to its average volume of 1,679,122. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $78.82 billion, a P/E ratio of 10.12, a PEG ratio of 2.52 and a beta of 0.44. The firm's fifty day moving average price is $367.54 and its two-hundred day moving average price is $326.37.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers' principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers' compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.

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