Public Employees Retirement System of Ohio Decreases Position in The Travelers Companies, Inc. (NYSE:TRV)

Public Employees Retirement System of Ohio trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,707 shares of the insurance provider’s stock after selling 2,775 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Travelers Companies worth $28,010,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Quarterback LLC grew its position in Travelers Companies by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 49 shares during the period. Kapitalo Investimentos Ltda boosted its position in shares of Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after buying an additional 49 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after buying an additional 50 shares during the period. Norwood Financial Corp boosted its position in shares of Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after buying an additional 50 shares during the period. Finally, Grimes & Company Inc. boosted its position in shares of Travelers Companies by 2.2% in 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. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $0.27 on Monday, reaching $214.12. 381,996 shares of the company were exchanged, compared to its average volume of 1,371,559. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company’s 50-day moving average is $209.68 and its two-hundred day moving average is $214.55. The firm has a market cap of $48.80 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.14 and a beta of 0.61. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TRV shares. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Bank of America increased their price target on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $220.94.

Insider Activity at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is 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.