Louisiana State Employees Retirement System Invests $3.21 Million in The Travelers Companies, Inc. $TRV

Louisiana State Employees Retirement System acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,000 shares of the insurance provider’s stock, valued at approximately $3,208,000.

Several other institutional investors have also recently modified their holdings of TRV. Brighton Jones LLC raised its holdings in shares of 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 buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies in the fourth quarter worth approximately $276,000. WINTON GROUP Ltd bought a new position in Travelers Companies during the second quarter valued at approximately $382,000. CIBC Asset Management Inc raised its stake in shares of Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after acquiring an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake 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 worth $28,254,000 after acquiring an additional 2,117 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. Company insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. BMO Capital Markets upped their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Evercore reissued an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. Finally, Piper Sandler lifted their price objective on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $309.07.

Travelers Companies Trading Up 2.8%

TRV opened at $327.14 on Friday. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $327.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business has a 50 day simple moving average of $303.24 and a two-hundred day simple moving average of $296.17. The firm has a market capitalization of $69.57 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 2.95 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 earnings per share. Analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 14.88%.

Travelers Companies Profile

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.