Louisiana State Employees Retirement System Has $2.94 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Louisiana State Employees Retirement System reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,200 shares of the insurance provider’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Travelers Companies were worth $2,939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in Travelers Companies in the 4th quarter worth approximately $27,000. Wolff Wiese Magana LLC lifted its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies in the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted its holdings in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Travelers Companies stock opened at $243.22 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a fifty day moving average price of $243.62 and a two-hundred day moving average price of $240.44. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The firm has a market capitalization of $55.22 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.08 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company posted $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.73%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of several analyst reports. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Roth Mkm lifted their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $260.47.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

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.