Louisiana State Employees Retirement System Acquires 100 Shares of The Travelers Companies, Inc. (TRV)

Louisiana State Employees Retirement System boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,300 shares of the insurance provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in The Travelers Companies were worth $2,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. Vanguard Group Inc. raised its position in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares in the last quarter. BlackRock Inc. raised its position in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares in the last quarter. State Street Corp raised its position in shares of The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares in the last quarter. FMR LLC raised its position in shares of The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down 0.23% during mid-day trading on Friday, hitting $127.89. The stock had a trading volume of 1,246,905 shares. The firm’s 50 day moving average price is $127.31 and its 200 day moving average price is $123.52. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The company has a market cap of $35.29 billion, a P/E ratio of 12.74 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share 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 analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.20 EPS. Analysts predict that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

The Travelers Companies declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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Several brokerages recently weighed in on TRV. BidaskClub downgraded The Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $115.00 price objective on shares of The Travelers Companies in a research report on Thursday, May 25th. Barclays PLC raised their price objective on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Bank of America Corporation downgraded The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The Travelers Companies has an average rating of “Hold” and an average target price of $124.01.

In other The Travelers Companies news, EVP Andy F. Bessette sold 3,300 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the sale, the executive vice president now owns 10,000 shares in the company, valued at $1,285,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares in the company, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,303 shares of company stock worth $24,702,936. Corporate insiders own 0.82% of the company’s stock.

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.

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

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