Retirement Systems of Alabama Has $11.84 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Retirement Systems of Alabama lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,152 shares of the insurance provider’s stock after selling 464 shares during the quarter. Retirement Systems of Alabama’s holdings in Travelers Companies were worth $11,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wolff Wiese Magana LLC grew its holdings in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC bought a new position in Travelers Companies in the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter valued at about $50,000. Versant Capital Management Inc increased its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Barclays upped their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $260.47.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $245.13 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market cap of $55.65 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.64. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The firm’s 50-day simple moving average is $245.24 and its two-hundred day simple moving average is $239.28.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the business earned $7.01 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 20.6 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies’s payout ratio is currently 19.56%.

Travelers Companies 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.