Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,515 Shares of The Travelers Companies, Inc. $TRV

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,371 shares of the insurance provider’s stock after selling 1,515 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Travelers Companies were worth $14,692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HHM Wealth Advisors LLC lifted its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares in the last quarter. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Travelers Companies during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies in the 1st quarter worth about $26,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth about $28,000. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares in the company, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by insiders.

Travelers Companies Trading Up 0.7%

NYSE TRV opened at $341.31 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $72.58 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 3.04 and a beta of 0.46. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $349.35. The business’s fifty day moving average is $310.91 and its 200-day moving average is $300.16.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the firm earned $1.91 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 28.17 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were paid a $1.25 dividend. The ex-dividend date was Wednesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 14.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Bank of America cut their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Evercore set a $329.00 price objective on Travelers Companies and gave the stock an “in-line” rating in a report on Friday. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Mizuho raised their target price on Travelers Companies from $304.00 to $324.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Travelers Companies in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $331.21.

Travelers Companies Company 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.