State of Alaska Department of Revenue Has $12.98 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

State of Alaska Department of Revenue lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,884 shares of the insurance provider’s stock after selling 11,563 shares during the period. State of Alaska Department of Revenue’s holdings in Travelers Companies were worth $12,979,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc grew its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Travelers Companies Trading Up 1.0 %

Shares of TRV stock opened at $246.46 on Thursday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The firm has a fifty day moving average price of $246.03 and a 200-day moving average price of $239.17. The company has a market cap of $55.95 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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 the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.01 earnings per share. As a group, equities analysts predict that The Travelers Companies, Inc. will post 20.6 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Wells Fargo & Company boosted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Barclays raised their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $260.47.

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.