Illinois Municipal Retirement Fund Grows Stake in The Travelers Companies, Inc. $TRV

Illinois Municipal Retirement Fund increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,306 shares of the insurance provider’s stock after acquiring an additional 8,740 shares during the period. Illinois Municipal Retirement Fund’s holdings in Travelers Companies were worth $27,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC grew its position in Travelers Companies by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock worth $541,000 after acquiring an additional 36 shares in the last quarter. 111 Capital grew its position in Travelers Companies by 3.0% in the fourth quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock worth $355,000 after acquiring an additional 36 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Travelers Companies by 0.4% in the 4th quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock worth $2,911,000 after acquiring an additional 37 shares during the last quarter. Allegiance Financial Group Advisory Services LLC lifted its holdings in shares of Travelers Companies by 3.4% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,130 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 37 shares during the last quarter. Finally, CYBER HORNET ETFs LLC lifted its holdings in shares of Travelers Companies by 6.0% in the 4th quarter. CYBER HORNET ETFs LLC now owns 656 shares of the insurance provider’s stock worth $190,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. The trade was a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last ninety days. 1.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Brean Capital assumed coverage on shares of Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating for the company. Evercore restated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a report on Tuesday, May 26th. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Finally, Piper Sandler raised their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell 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 $311.47.

Travelers Companies Trading Up 1.2%

Shares of TRV opened at $303.74 on Thursday. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The company has a 50-day moving average of $299.69 and a 200 day moving average of $294.35. The firm has a market capitalization of $64.59 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.71 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the business posted $1.91 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.