Kayne Anderson Rudnick Investment Management LLC Has $21.30 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Kayne Anderson Rudnick Investment Management LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,756 shares of the insurance provider’s stock after selling 13,483 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Travelers Companies were worth $21,301,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Drive Wealth Management LLC boosted its stake in Travelers Companies by 2.8% in the second quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock valued at $360,000 after buying an additional 48 shares in the last quarter. Wealth Quarterback LLC raised its position in Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 49 shares during the last quarter. Kapitalo Investimentos Ltda raised its position in Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 49 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares during the last quarter. Finally, Norwood Financial Corp raised its position in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 50 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TRV shares. Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler lowered their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies Trading Up 0.4 %

Shares of Travelers Companies stock opened at $238.53 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The stock has a 50 day moving average price of $221.42 and a two-hundred day moving average price of $217.56. The stock has a market capitalization of $54.62 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. Travelers Companies’s payout ratio is 31.20%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.33% of the stock is owned by insiders.

About Travelers Companies

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.