Louisiana State Employees Retirement System Sells 200 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Louisiana State Employees Retirement System trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,800 shares of the insurance provider’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Travelers Companies were worth $2,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new position in Travelers Companies during the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC increased its holdings in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares in the last quarter. Finally, Tributary Capital Management LLC bought a new stake in Travelers Companies during the 1st quarter valued at $45,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 2.3 %

TRV stock opened at $250.50 on Monday. The Travelers Companies, Inc. has a twelve month low of $159.89 and a twelve month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $57.36 billion, a P/E ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62. The firm has a 50 day simple moving average of $236.19 and a 200-day simple moving average of $220.54.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.68%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd. Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $247.90.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,479 shares of company stock worth $15,434,526. 1.33% of the stock is owned by corporate insiders.

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.