New York State Common Retirement Fund Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

New York State Common Retirement Fund reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,428 shares of the insurance provider's stock after selling 30,186 shares during the quarter. New York State Common Retirement Fund owned about 0.16% of Travelers Companies worth $68,848,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. grew its stake in Travelers Companies by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider's stock worth $18,217,000 after buying an additional 1,600 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider's stock worth $2,660,000 after buying an additional 7,649 shares during the last quarter. Worth Asset Management LLC bought a new position in Travelers Companies during the 4th quarter worth $2,201,000. Nordea Investment Management AB boosted its position in Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider's stock worth $46,919,000 after acquiring an additional 16,580 shares during the period. Finally, DNB Asset Management AS boosted its position in Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider's stock worth $13,240,000 after acquiring an additional 24,230 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 0.4 %

Shares of TRV traded down $0.89 during trading hours on Wednesday, hitting $213.43. 1,129,106 shares of the company were exchanged, compared to its average volume of 1,495,397. The company has a market cap of $48.87 billion, a PE ratio of 15.87, a PEG ratio of 1.12 and a beta of 0.58. The firm's 50 day moving average is $221.75 and its 200-day moving average is $197.84. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business's revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.11 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.71 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a yield of 1.97%. Travelers Companies's dividend payout ratio is presently 29.72%.

Insider Activity at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $211.02, for a total transaction of $633,060.00. Following the completion of the sale, the executive vice president now owns 2,215 shares in the company, valued at approximately $467,409.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $211.02, for a total value of $633,060.00. Following the completion of the sale, the executive vice president now owns 2,215 shares of the company's stock, valued at approximately $467,409.30. The disclosure for this sale can be found here. Insiders sold a total of 78,734 shares of company stock worth $16,776,964 in the last 90 days. 1.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of analyst reports. Evercore ISI reduced their price target on Travelers Companies from $253.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, April 18th. HSBC upped their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a "hold" rating in a report on Thursday, April 4th. UBS Group cut their price objective on Travelers Companies from $237.00 to $230.00 and set a "neutral" rating for the company in a report on Monday. TD Cowen cut their price objective on Travelers Companies from $261.00 to $252.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Royal Bank of Canada cut their price objective on Travelers Companies from $230.00 to $225.00 and set a "sector perform" rating for the company in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $223.47.

About Travelers Companies

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.