State of Alaska Department of Revenue Acquires 16,890 Shares of The Travelers Companies, Inc. (NYSE:TRV)

State of Alaska Department of Revenue grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 34.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,447 shares of the insurance provider’s stock after buying an additional 16,890 shares during the quarter. State of Alaska Department of Revenue’s holdings in Travelers Companies were worth $15,321,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares during the period. Legal & General Group Plc boosted its position in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after buying an additional 37,029 shares during the period. Boston Partners boosted its position in Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Travelers Companies by 8.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after acquiring an additional 85,619 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TRV shares. Citigroup increased their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. BMO Capital Markets upped their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Barclays boosted their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $247.90.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,479 shares of company stock valued at $15,434,526 over the last 90 days. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 2.3 %

Travelers Companies stock opened at $250.50 on Friday. The firm has a market cap of $57.36 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $159.89 and a 12 month high of $269.55. The stock has a fifty day simple moving average of $236.19 and a two-hundred day simple moving average of $220.57.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 18.24 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

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.