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

Louisiana State Employees Retirement System raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the second quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after buying an additional 37 shares in the last quarter. Westside Investment Management Inc. boosted its stake in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares in the last quarter. First Personal Financial Services boosted its stake in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares in the last quarter. Liberty Capital Management Inc. boosted its stake in The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after buying an additional 1,000 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its stake in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares in the last quarter. Institutional investors own 77.87% of the company’s stock.

The Travelers Companies, Inc. (NYSE TRV) opened at 125.15 on Monday. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $129.60. The stock has a market capitalization of $34.53 billion, a price-to-earnings ratio of 12.46 and a beta of 1.20. The firm’s 50-day moving average is $126.44 and its 200-day moving average is $122.05.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The firm 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 earnings per share. Analysts predict that The Travelers Companies, Inc. will post $9.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s payout ratio is currently 28.77%.

The Travelers Companies announced that its board has authorized a stock buyback plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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TRV has been the topic of a number of recent analyst reports. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, April 24th. Citigroup Inc. raised their price target on shares of The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Friday, April 7th. Finally, BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The Travelers Companies has an average rating of “Hold” and a consensus target price of $123.47.

In other news, EVP John P. Clifford, Jr. sold 5,500 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $120.92, for a total value of $665,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas K. Russell sold 9,686 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $1,191,378.00. Following the completion of the sale, the senior vice president now directly owns 29,267 shares of the company’s stock, valued at $3,599,841. The disclosure for this sale can be found here. Insiders sold 86,377 shares of company stock valued at $10,765,171 over the last three months. Corporate insiders own 0.82% of the company’s stock.

The Travelers Companies Company Profile

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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