Teacher Retirement System of Texas Lowers Stake in The Travelers Companies, Inc. (TRV)

Teacher Retirement System of Texas cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 282,807 shares of the insurance provider’s stock after selling 103,248 shares during the period. Teacher Retirement System of Texas owned 0.10% of The Travelers Companies worth $34,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in shares of The Travelers Companies by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 554,181 shares of the insurance provider’s stock valued at $67,898,000 after buying an additional 1,649 shares during the period. First National Trust Co. grew its stake in shares of The Travelers Companies by 1.5% during the 3rd quarter. First National Trust Co. now owns 34,052 shares of the insurance provider’s stock valued at $4,173,000 after buying an additional 487 shares during the period. Toronto Dominion Bank grew its stake in shares of The Travelers Companies by 10.7% during the 3rd quarter. Toronto Dominion Bank now owns 105,259 shares of the insurance provider’s stock valued at $12,894,000 after buying an additional 10,160 shares during the period. First Eagle Investment Management LLC grew its stake in shares of The Travelers Companies by 1.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 477,608 shares of the insurance provider’s stock valued at $58,517,000 after buying an additional 6,300 shares during the period. Finally, Cobblestone Capital Advisors LLC NY grew its stake in shares of The Travelers Companies by 23.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 3,151 shares of the insurance provider’s stock valued at $386,000 after buying an additional 600 shares during the period. 77.63% of the stock is owned by institutional investors.

Several analysts have recently issued reports on the stock. B. Riley reissued a “neutral” rating on shares of The Travelers Companies in a research note on Monday, November 6th. Argus boosted their price objective on shares of The Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Company set a $125.00 price objective on shares of The Travelers Companies and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley boosted their price objective on shares of The Travelers Companies from $119.00 to $124.00 and gave the company an “underweight” rating in a research note on Friday, October 20th. Finally, Citigroup Inc. boosted their price objective on shares of The Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $128.54.

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Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down $2.22 during mid-day trading on Tuesday, reaching $133.32. 2,742,600 shares of the company’s stock were exchanged, compared to its average volume of 1,486,846. The Travelers Companies, Inc. has a 52-week low of $110.40 and a 52-week high of $135.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market cap of $37,096.74, a price-to-earnings ratio of 16.55, a P/E/G ratio of 2.50 and a beta of 1.26.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the firm earned $2.40 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts predict that The Travelers Companies, Inc. will post 7.23 EPS for the current fiscal year.

The Travelers Companies declared that its Board of Directors has approved a share repurchase program on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a $0.72 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.16%. The Travelers Companies’s dividend payout ratio is currently 33.45%.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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