VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $53.05 Million Investment in The Travelers Companies, Inc. $TRV

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel reports. The fund bought 160,700 shares of the insurance provider’s stock, valued at approximately $53,050,000.

A number of other institutional investors have also recently made changes to their positions in TRV. California State Teachers Retirement System lifted its position in Travelers Companies by 32,139.3% in the 2nd quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider’s stock valued at $36,541,276,000 after acquiring an additional 110,347,546 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter worth $6,915,909,000. State Street Corp raised its stake in shares of Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Travelers Companies by 2.3% during the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after purchasing an additional 123,564 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.1%

Travelers Companies stock opened at $369.01 on Monday. The stock has a market cap of $76.96 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The stock has a fifty day moving average of $363.46 and a 200 day moving average of $323.48.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm posted $6.51 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insider Activity at Travelers Companies

In other news, EVP Daniel Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael Klein sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,667 shares of company stock valued at $21,830,989 in the last three months. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of several research analyst reports. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. Bank of America raised their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $354.26.

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.