Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in The Travelers Companies, Inc. (NYSE:TRV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,271 shares of the insurance provider’s stock after selling 1,347 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Travelers Companies were worth $11,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $37,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the third quarter valued at approximately $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $44,000. Finally, Providence First Trust Co purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $48,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 1.1 %

NYSE TRV opened at $256.70 on Friday. The stock’s 50-day simple moving average is $248.29 and its two-hundred day simple moving average is $246.93. 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 company has a market capitalization of $58.20 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays increased 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. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies 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.