Illinois Municipal Retirement Fund Sells 2,468 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Illinois Municipal Retirement Fund lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Los Angeles Capital Management LLC boosted its position in Travelers Companies by 465.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,032 shares of the insurance provider’s stock worth $15,906,000 after purchasing an additional 54,355 shares during the last quarter. Edge Capital Group LLC purchased a new position in Travelers Companies in the fourth quarter worth $208,000. Crestwood Advisors Group LLC boosted its position in Travelers Companies by 79.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,484 shares of the insurance provider’s stock worth $598,000 after purchasing an additional 1,099 shares during the last quarter. IFP Advisors Inc boosted its position in Travelers Companies by 213.3% in the fourth quarter. IFP Advisors Inc now owns 13,110 shares of the insurance provider’s stock worth $3,158,000 after purchasing an additional 8,925 shares during the last quarter. Finally, Colonial River Investments LLC purchased a new position in Travelers Companies in the fourth quarter worth $208,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $248.29 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $56.29 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The business’s 50-day moving average price is $242.08 and its 200-day moving average price is $242.23. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55.

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

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. 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 payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRV. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $261.05.

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.