Kestra Private Wealth Services LLC Sells 2,283 Shares of The Travelers Companies, Inc. $TRV

Kestra Private Wealth Services LLC cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,270 shares of the insurance provider’s stock after selling 2,283 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Travelers Companies were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies during the 4th quarter valued at $276,000. WINTON GROUP Ltd purchased a new stake in Travelers Companies during the 2nd quarter valued at $382,000. CIBC Asset Management Inc grew its holdings in Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after acquiring an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after acquiring an additional 2,117 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This represents a 51.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 37,573 shares of company stock worth $11,504,146. Company insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRV. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Piper Sandler raised their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company boosted their price target on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Finally, Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $309.07.

Travelers Companies Trading Down 0.1%

NYSE:TRV opened at $327.14 on Monday. The company has a 50-day moving average price of $303.24 and a 200-day moving average price of $296.28. The stock has a market cap of $69.57 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 2.95 and a beta of 0.48. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $327.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the previous year, the company earned $1.91 earnings per share. Travelers Companies’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 14.88%.

Travelers Companies 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.