The Travelers Companies, Inc. $TRV Stock: Illinois Municipal Retirement Fund Decreases Holdings

Illinois Municipal Retirement Fund trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,706 shares of the insurance provider’s stock after selling 4,203 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Travelers Companies worth $38,398,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. Latitude Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $28,000. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $26,000. Delos Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $30,000. Finally, Signature Equity Partners LLC lifted its stake in Travelers Companies by 35.1% during the third quarter. Signature Equity Partners LLC now owns 104 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 27 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on TRV shares. Roth Capital reaffirmed a “buy” rating and issued a $425.00 price objective (up from $345.00) on shares of Travelers Companies in a report on Monday, October 26th. Argus raised their price target on shares of Travelers Companies from $330.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Bank of America lifted their price target on shares of Travelers Companies from $301.00 to $320.00 and gave the company an “underperform” rating in a report on Monday, October 12th. UBS Group reaffirmed a “neutral” rating and set a $405.00 price objective (up from $383.00) on shares of Travelers Companies in a research report on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 price objective (up from $363.00) on shares of Travelers Companies in a research report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $370.83.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan Lefebvre sold 11,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total value of $4,332,240.00. Following the sale, the executive vice president directly owned 11,000 shares in the company, valued at $4,332,240. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the transaction, the executive vice president directly owned 88,642 shares of the company’s stock, valued at $36,077,294. The trade was a 14.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 195,287 shares of company stock worth $77,818,050 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $400.89 on Wednesday. The company has a market cap of $82.16 billion, a P/E ratio of 10.51, a PEG ratio of 2.73 and a beta of 0.40. The stock has a fifty day moving average price of $378.86 and a 200 day moving average price of $333.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $268.00 and a 12 month high of $418.00.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. During the same period last year, the business posted $8.14 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, research analysts forecast that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

About Travelers Companies

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.