Teacher Retirement System of Texas decreased its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 73.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,517 shares of the insurance provider’s stock after selling 207,290 shares during the period. Teacher Retirement System of Texas’ holdings in Travelers Companies were worth $10,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BT Investment Management Ltd increased its position in Travelers Companies by 15.4% during the 4th quarter. BT Investment Management Ltd now owns 114,416 shares of the insurance provider’s stock worth $15,519,000 after purchasing an additional 15,226 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Travelers Companies by 6.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,145 shares of the insurance provider’s stock worth $8,228,000 after purchasing an additional 3,688 shares during the period. Aries Wealth Management acquired a new position in Travelers Companies during the 4th quarter worth approximately $465,000. First National Bank of Omaha increased its position in Travelers Companies by 5.9% during the 4th quarter. First National Bank of Omaha now owns 83,046 shares of the insurance provider’s stock worth $11,264,000 after purchasing an additional 4,658 shares during the period. Finally, Monument Capital Management acquired a new position in Travelers Companies during the 4th quarter worth approximately $1,714,000. Institutional investors own 78.59% of the company’s stock.

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 28,975 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $148.56, for a total transaction of $4,304,526.00. Following the transaction, the executive vice president now owns 35,900 shares of the company’s stock, valued at approximately $5,333,304. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Philip T. Ruegger III purchased 1,600 shares of Travelers Companies stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $136.44 per share, for a total transaction of $218,304.00. Following the purchase, the director now owns 28,277 shares in the company, valued at $3,858,113.88. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 181,599 shares of company stock worth $26,221,541. 0.82% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Royal Bank of Canada restated a “buy” rating and issued a $148.00 price target on shares of Travelers Companies in a report on Friday, December 8th. Morgan Stanley upped their price target on Travelers Companies from $119.00 to $124.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. Argus upped their price target on Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Finally, ValuEngine cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $135.07.

Shares of Travelers Companies Inc (NYSE TRV) opened at $138.14 on Tuesday. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $150.55. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $37,203.51, a P/E ratio of 18.90, a P/E/G ratio of 1.83 and a beta of 1.26.

Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the company posted $3.20 EPS. Travelers Companies’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts forecast that Travelers Companies Inc will post 10.59 earnings per share for the current year.

Travelers Companies declared that its Board of Directors has authorized a share repurchase program on Thursday, November 9th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s payout ratio is currently 39.40%.

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About 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.

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

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