Employees Retirement System of Texas Sells 1,000 Shares of The Travelers Companies, Inc. (TRV)

Employees Retirement System of Texas lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the insurance provider’s stock after selling 1,000 shares during the period. Employees Retirement System of Texas’ holdings in The Travelers Companies were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 37 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of The Travelers Companies by 361.1% during the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 686 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of The Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 35 shares during the last quarter. Finally, Omnia Family Wealth LLC raised its holdings in shares of The Travelers Companies by 4.7% during the second quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 46 shares during the last quarter. 77.48% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Citigroup Inc. raised their price target on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Buckingham Research began coverage on shares of The Travelers Companies in a research report on Monday, September 11th. They set a “buy” rating and a $136.00 price target on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and set a $135.00 price target on shares of The Travelers Companies in a research report on Monday, August 21st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $125.71.

In other The Travelers Companies news, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total transaction of $424,050.00. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the sale, the insider now directly owns 93,872 shares in the company, valued at $12,204,298.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,323 shares of company stock worth $16,436,703. 0.82% of the stock is owned by corporate insiders.

The Travelers Companies, Inc. (TRV) opened at 125.61 on Thursday. The firm has a market capitalization of $34.66 billion, a price-to-earnings ratio of 12.51 and a beta of 1.20. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.37. The company’s 50-day moving average is $122.30 and its 200-day moving average is $123.92.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by ($0.15). The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The Travelers Companies’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post $7.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.72 dividend. The ex-dividend date was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.29%. The Travelers Companies’s payout ratio is 28.77%.

The Travelers Companies declared that its Board of Directors has authorized a stock buyback program on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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