California Public Employees Retirement System Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

California Public Employees Retirement System lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,019,131 shares of the insurance provider’s stock after selling 1,267 shares during the quarter. California Public Employees Retirement System owned about 0.45% of Travelers Companies worth $245,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the fourth quarter worth $37,000. True Wealth Design LLC bought a new position in Travelers Companies in the third quarter valued at $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the fourth quarter worth about $44,000. Finally, Providence First Trust Co bought a new position in shares of Travelers Companies during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $261.86 on Monday. 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 company’s fifty day moving average price is $250.56 and its 200-day moving average price is $248.07. The stock has a market cap of $59.37 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed 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. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Monday, March 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $260.00.

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.