California State Teachers Retirement System Sells 14,350 Shares of The Travelers Companies, Inc. (NYSE:TRV)

California State Teachers Retirement System cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 360,899 shares of the insurance provider’s stock after selling 14,350 shares during the quarter. California State Teachers Retirement System’s holdings in Travelers Companies were worth $86,937,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Yoffe Investment Management LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth about $1,202,000. Elevate Capital Advisors LLC purchased a new position in Travelers Companies in the fourth quarter worth about $4,627,000. Erste Asset Management GmbH increased its stake in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after acquiring an additional 100 shares during the last quarter. Franklin Resources Inc. raised its position in Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Finally, Czech National Bank lifted its stake in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.9 %

Shares of NYSE:TRV opened at $261.56 on Tuesday. The company has a market capitalization of $59.26 billion, a PE ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.48. 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 Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The business’s fifty day simple moving average is $254.66 and its 200-day simple moving average is $250.68.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the previous year, the company posted $4.69 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.68%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRV. Barclays decreased their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 17th. Finally, StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $267.32.

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.