Illinois Municipal Retirement Fund Sells 7,187 Shares of The Travelers Companies, Inc. $TRV

Illinois Municipal Retirement Fund lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,119 shares of the insurance provider’s stock after selling 7,187 shares during the period. Illinois Municipal Retirement Fund’s holdings in Travelers Companies were worth $25,411,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its position in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new position in Travelers Companies in the first quarter worth $26,000. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth $28,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TRV shares. BMO Capital Markets raised their price objective on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Roth Capital reiterated a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Morgan Stanley downgraded Travelers Companies from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $333.00 to $290.00 in a report on Wednesday. Finally, Truist Financial assumed coverage on Travelers Companies in a research note on Friday, July 10th. They set a “buy” rating and a $395.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $329.11.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,573 shares of company stock valued at $11,504,146. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $329.04 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company’s fifty day moving average price is $312.16 and its 200-day moving average price is $300.71. The Travelers Companies, Inc. has a 1-year low of $250.21 and a 1-year high of $349.35. The firm has a market capitalization of $69.97 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $1.91 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 28.31 EPS for the current year.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.