Texas Permanent School Fund Corp Cuts Holdings in The Travelers Companies, Inc. $TRV

Texas Permanent School Fund Corp reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 35.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,911 shares of the insurance provider’s stock after selling 8,728 shares during the period. Texas Permanent School Fund Corp’s holdings in Travelers Companies were worth $4,257,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. boosted its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. Missouri Trust & Investment Co raised its stake in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Delos Wealth Advisors LLC bought a new position in Travelers Companies during the second quarter valued at $27,000. Quaker Wealth Management LLC grew its stake in shares of Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRV. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Morgan Stanley raised their price target on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Finally, Mizuho began coverage on shares of Travelers Companies in a research note on Monday. They set a “neutral” rating and a $317.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $294.25.

Travelers Companies Price Performance

TRV opened at $293.82 on Friday. The business has a fifty day moving average of $280.04 and a 200 day moving average of $272.55. The stock has a market cap of $65.54 billion, a P/E ratio of 11.55, a PEG ratio of 2.86 and a beta of 0.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $296.85.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $5.24 earnings per share. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is 17.30%.

Insider Activity at Travelers Companies

In other news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the transaction, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the sale, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. This represents a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,295 shares of company stock valued at $13,011,918 over the last 90 days. 1.46% of the stock is currently owned by 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.