Retirement Systems of Alabama Sells 464 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Retirement Systems of Alabama lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,152 shares of the insurance provider’s stock after selling 464 shares during the period. Retirement Systems of Alabama’s holdings in Travelers Companies were worth $11,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc boosted its position in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 50 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 1.0 %

Travelers Companies stock opened at $245.13 on Friday. The firm has a market cap of $55.65 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.07 and a beta of 0.64. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The firm has a 50 day moving average price of $245.24 and a two-hundred day moving average price of $239.28.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $7.01 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given 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 dividend yield of 1.71%. Travelers Companies’s payout ratio is 19.56%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group upped their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Roth Mkm lifted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $260.47.

Insider Buying and Selling

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

About Travelers Companies

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.