Illinois Municipal Retirement Fund Decreases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Illinois Municipal Retirement Fund decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,320 shares of the insurance provider's stock after selling 16,838 shares during the period. Illinois Municipal Retirement Fund's holdings in Travelers Companies were worth $14,157,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Travelers Companies by 14.8% in the third quarter. International Assets Investment Management LLC now owns 2,377 shares of the insurance provider's stock worth $399,000 after acquiring an additional 307 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Travelers Companies by 5.7% during the third quarter. AE Wealth Management LLC now owns 5,019 shares of the insurance provider's stock valued at $820,000 after acquiring an additional 271 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Travelers Companies by 14.0% during the third quarter. IFP Advisors Inc now owns 1,300 shares of the insurance provider's stock valued at $212,000 after acquiring an additional 160 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Travelers Companies by 14.2% during the third quarter. Global Retirement Partners LLC now owns 850 shares of the insurance provider's stock valued at $138,000 after acquiring an additional 106 shares in the last quarter. Finally, Founders Financial Securities LLC raised its stake in shares of Travelers Companies by 20.2% during the third quarter. Founders Financial Securities LLC now owns 8,235 shares of the insurance provider's stock valued at $1,345,000 after acquiring an additional 1,384 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TRV shares. JMP Securities reissued a "market perform" rating on shares of Travelers Companies in a research note on Friday. UBS Group reduced their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a "neutral" rating for the company in a research note on Monday. Oppenheimer reissued a "market perform" rating on shares of Travelers Companies in a research note on Friday, April 5th. Royal Bank of Canada reduced their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a "sector perform" rating for the company in a research note on Thursday, April 18th. Finally, Roth Mkm reissued a "buy" rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $223.47.

Travelers Companies Stock Performance

Shares of TRV traded up $0.08 during trading hours on Tuesday, reaching $214.35. 1,042,928 shares of the company traded hands, compared to its average volume of 1,500,093. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $49.08 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.12 and a beta of 0.58. The business has a fifty day moving average price of $221.78 and a 200-day moving average price of $197.48.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $10.62 billion. During the same period in the previous year, the company posted $4.11 earnings per share. Travelers Companies's revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, June 7th. Travelers Companies's dividend payout ratio is presently 29.72%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company's stock, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 10,181 shares of the company's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the transaction, the executive vice president now owns 7,865 shares of the company's stock, valued at approximately $1,683,110. The disclosure for this sale can be found here. Insiders have sold a total of 68,734 shares of company stock valued at $14,637,364 in the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

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.