Illinois Municipal Retirement Fund Reduces Stake in The Travelers Companies, Inc. (NYSE:TRV)

Illinois Municipal Retirement Fund lessened its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 86,611 shares of the insurance provider’s stock after selling 2,468 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Travelers Companies were worth $20,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRV. Allspring Global Investments Holdings LLC lifted its stake in shares of Travelers Companies by 36.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock valued at $3,894,000 after purchasing an additional 4,474 shares during the period. Mount Yale Investment Advisors LLC increased its position in Travelers Companies by 8.9% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock valued at $404,000 after buying an additional 141 shares in the last quarter. Highland Capital Management LLC bought a new position in Travelers Companies during the 3rd quarter valued at approximately $214,000. Allworth Financial LP increased its position in Travelers Companies by 17.3% during the 3rd quarter. Allworth Financial LP now owns 4,387 shares of the insurance provider’s stock valued at $1,027,000 after buying an additional 648 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Travelers Companies by 3.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,751 shares of the insurance provider’s stock valued at $7,497,000 after buying an additional 970 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 3.4 %

TRV opened at $248.29 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50 day simple moving average is $242.08 and its two-hundred day simple moving average is $242.23. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The firm has a market capitalization of $56.29 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $7.01 EPS. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 1.69%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRV. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $261.05.

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.