Kestra Investment Management LLC Reduces Stock Holdings in The Travelers Companies, Inc. $TRV

Kestra Investment Management LLC cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 54.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,194 shares of the insurance provider’s stock after selling 2,654 shares during the period. Kestra Investment Management LLC’s holdings in Travelers Companies were worth $587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Osterweis Capital Management Inc. lifted its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC lifted its holdings in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Travelers Companies in the 2nd quarter valued at about $30,000. Finally, Nova Wealth Management Inc. purchased a new position in Travelers Companies in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the sale, the insider directly owned 255,086 shares in the company, valued at approximately $73,860,151.30. This trade represents a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 46,295 shares of company stock worth $13,011,918 in the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $290.63 on Tuesday. 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 company has a market capitalization of $64.83 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $296.85. The business has a 50 day simple moving average of $279.40 and a 200-day simple moving average of $272.18.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the business posted $5.24 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s payout ratio is 17.30%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TRV shares. Barclays set a $313.00 price target on Travelers Companies in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Piper Sandler lifted their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Mizuho set a $317.00 price objective on shares of Travelers Companies in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $294.25.

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.