The Travelers Companies, Inc. $TRV Position Increased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Travelers position by 32,139.3% to 110.7 million shares, representing approximately 53.07% of the company; institutional investors collectively own 82.45% of the stock.
• Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 analyst consensus, while revenue reached $12.15 billion versus estimates of $11.26 billion.
• Analysts maintain a consensus “Hold” rating with a $354.26 price target, while Travelers declared a quarterly dividend of $1.25, or $5.00 annually, yielding approximately 1.4%.

California State Teachers Retirement System lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 32,139.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 110,690,887 shares of the insurance provider's stock after buying an additional 110,347,546 shares during the quarter. California State Teachers Retirement System owned approximately 53.07% of Travelers Companies worth $36,541,276,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TRV. Brighton Jones LLC boosted its position in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies in the fourth quarter worth $276,000. WINTON GROUP Ltd bought a new stake in Travelers Companies in the second quarter valued at $382,000. CIBC Asset Management Inc lifted its stake in Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock valued at $18,336,000 after buying an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock valued at $28,254,000 after acquiring an additional 2,117 shares during the period. Institutional investors own 82.45% of the company's stock.

Insiders Place Their Bets

In related news, EVP Diane Kurtzman sold 4,164 shares of the firm's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the transaction, the executive vice president owned 5,298 shares of the company's stock, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Klein sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president owned 45,125 shares of the company's stock, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 58,667 shares of company stock valued at $21,830,989. 1.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRV. Citigroup restated a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an "in-line" rating in a research report on Friday, July 10th. Roth Capital raised their price target 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. Finally, Bank of America lifted their price target on Travelers Companies from $283.00 to $307.00 and gave the company an "underperform" rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $354.26.

Travelers Companies Trading Down 0.1%

Shares of NYSE:TRV opened at $369.01 on Tuesday. The company has a 50 day moving average of $364.21 and a 200-day moving average of $323.98. 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 firm has a market cap of $76.96 billion, a P/E ratio of 9.88, a P/E/G ratio of 2.48 and a beta of 0.44. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $6.51 earnings per share. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is currently 13.39%.

About Travelers Companies

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.

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