Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,347 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 48,271 shares of the insurance provider’s stock after selling 1,347 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Travelers Companies were worth $11,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. Thrivent Financial for Lutherans lifted its stake in shares of Travelers Companies by 8.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock valued at $3,982,000 after acquiring an additional 1,360 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Travelers Companies by 61.1% in the 3rd quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock valued at $1,109,000 after acquiring an additional 1,794 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Travelers Companies during the 3rd quarter valued at approximately $84,000. Ontario Teachers Pension Plan Board bought a new position in Travelers Companies during the 3rd quarter valued at approximately $405,000. Finally, Cornerstone Advisors LLC raised its position in Travelers Companies by 46.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 9,200 shares of the insurance provider’s stock valued at $2,154,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent analyst reports. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Performance

Travelers Companies stock opened at $256.70 on Friday. The company has a market capitalization of $58.20 billion, a P/E ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $248.29 and its 200 day moving average is $246.93.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $7.01 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.64%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.