NJ State Employees Deferred Compensation Plan Has $1.13 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

NJ State Employees Deferred Compensation Plan decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,943 shares of the insurance provider’s stock after selling 3,300 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Travelers Companies were worth $1,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. First Command Advisory Services Inc. bought a new position in shares of Travelers Companies in the third quarter valued at $26,000. Arlington Trust Co LLC bought a new position in Travelers Companies in the 3rd quarter worth approximately $27,000. AM Squared Ltd grew its holdings in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in Travelers Companies during the fourth quarter worth about $40,000. Finally, OLD Second National Bank of Aurora bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $41,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 0.3 %

TRV stock traded down $0.54 during trading on Friday, hitting $213.45. 1,612,017 shares of the company’s stock were exchanged, compared to its average volume of 1,486,044. The business has a 50-day moving average price of $221.58 and a two-hundred day moving average price of $198.06. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $48.88 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.11 and a beta of 0.58. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter last year, the business posted $4.11 earnings per share. The business’s revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.78 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio is presently 29.72%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRV. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. Citigroup increased their price objective on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group increased their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Finally, Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $223.47.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,553 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $212.93, for a total transaction of $2,247,050.29. Following the transaction, the executive vice president now owns 103,443 shares of the company’s stock, valued at $22,026,117.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,500 shares of Travelers Companies stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the transaction, the insider now owns 255,178 shares in the company, valued at $54,490,710.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,553 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $212.93, for a total value of $2,247,050.29. Following the transaction, the executive vice president now directly owns 103,443 shares of the company’s stock, valued at approximately $22,026,117.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,734 shares of company stock worth $16,143,904. Company insiders own 1.33% of the company’s stock.

Travelers Companies Company 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.