Teacher Retirement System of Texas Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Teacher Retirement System of Texas increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 148.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 334,053 shares of the insurance provider’s stock after purchasing an additional 199,340 shares during the period. Teacher Retirement System of Texas owned approximately 0.15% of Travelers Companies worth $80,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Sandy Spring Bank grew its stake in shares of Travelers Companies by 6.2% during the fourth quarter. Sandy Spring Bank now owns 1,533 shares of the insurance provider’s stock valued at $369,000 after buying an additional 89 shares during the last quarter. Generali Investments Management Co LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd grew its position in Travelers Companies by 206.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,615 shares of the insurance provider’s stock worth $389,000 after acquiring an additional 1,088 shares during the last quarter. Vinva Investment Management Ltd increased its stake in Travelers Companies by 43.9% in the 4th quarter. Vinva Investment Management Ltd now owns 18,260 shares of the insurance provider’s stock worth $4,380,000 after purchasing an additional 5,573 shares during the period. Finally, Stokes Family Office LLC bought a new stake in Travelers Companies in the fourth quarter valued at approximately $224,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research report on Wednesday, January 8th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. Finally, Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Up 0.4 %

Shares of NYSE:TRV opened at $261.50 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $247.48 and a two-hundred day simple moving average of $246.64. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The stock has a market capitalization of $59.29 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the firm earned $7.01 EPS. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio is presently 19.56%.

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.