Strs Ohio Lowers Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Strs Ohio cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 72,345 shares of the insurance provider’s stock after selling 5,185 shares during the period. Strs Ohio’s holdings in Travelers Companies were worth $13,780,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TRV. Grimes & Company Inc. boosted its stake in Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after buying an additional 53 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Travelers Companies by 1.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after buying an additional 58 shares during the period. Schmidt P J Investment Management Inc. boosted its stake in Travelers Companies by 4.0% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock worth $339,000 after buying an additional 61 shares during the period. Farmers Trust Co. boosted its stake in Travelers Companies by 4.5% during the fourth quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock worth $290,000 after buying an additional 66 shares during the period. Finally, Meeder Advisory Services Inc. boosted its stake in Travelers Companies by 2.3% during the fourth quarter. Meeder Advisory Services Inc. now owns 2,957 shares of the insurance provider’s stock worth $563,000 after buying an additional 67 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Piper Sandler reaffirmed a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Morgan Stanley increased their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday. Citigroup raised their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Raymond James raised their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $217.00.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Up 0.9 %

Shares of NYSE:TRV opened at $223.11 on Wednesday. The firm’s 50 day moving average price is $222.02 and its 200 day moving average price is $196.10. The stock has a market cap of $51.12 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.40 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a yield of 1.79%. Travelers Companies’s payout ratio is currently 31.27%.

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.