Teacher Retirement System of Texas Has $30.95 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Teacher Retirement System of Texas trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 65.0% in the first quarter, Holdings Channel reports. The firm owned 117,019 shares of the insurance provider’s stock after selling 217,034 shares during the quarter. Teacher Retirement System of Texas’ holdings in Travelers Companies were worth $30,947,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Smith Salley Wealth Management boosted its holdings in shares of Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider’s stock valued at $1,936,000 after buying an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Travelers Companies by 7.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider’s stock valued at $173,000 after acquiring an additional 47 shares during the last quarter. JT Stratford LLC grew its position in shares of Travelers Companies by 0.8% in the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider’s stock valued at $1,456,000 after acquiring an additional 49 shares during the period. Trifecta Capital Advisors LLC increased its stake in shares of Travelers Companies by 13.4% during the 1st quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 50 shares during the last quarter. Finally, BLB&B Advisors LLC lifted its stake in Travelers Companies by 3.6% in the 1st quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider’s stock valued at $377,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the transaction, the insider owned 255,086 shares of the company’s stock, valued at $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 over the last three months. 1.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TRV shares. Evercore ISI boosted their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. Wells Fargo & Company raised their price target on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a report on Thursday, April 17th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Finally, Wall Street Zen raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $271.11.

Travelers Companies Stock Up 2.6%

Shares of TRV opened at $264.13 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12 month low of $200.40 and a 12 month high of $277.83. The firm’s 50 day moving average is $267.78 and its 200-day moving average is $255.01. The stock has a market capitalization of $59.66 billion, a PE ratio of 14.38, a P/E/G ratio of 3.76 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data 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 firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter last year, the company earned $4.69 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is 23.95%.

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.