Kestra Private Wealth Services LLC Acquires 2,633 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Kestra Private Wealth Services LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,522 shares of the insurance provider’s stock after purchasing an additional 2,633 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Travelers Companies were worth $1,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stephens Inc. AR raised its stake in Travelers Companies by 4.6% during the 4th quarter. Stephens Inc. AR now owns 11,375 shares of the insurance provider’s stock valued at $2,740,000 after purchasing an additional 499 shares during the period. Entropy Technologies LP bought a new stake in Travelers Companies during the 4th quarter valued at approximately $2,578,000. Empowered Funds LLC raised its stake in Travelers Companies by 97.5% during the 4th quarter. Empowered Funds LLC now owns 20,271 shares of the insurance provider’s stock valued at $4,883,000 after purchasing an additional 10,006 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Travelers Companies by 26.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 11,754 shares of the insurance provider’s stock worth $2,831,000 after acquiring an additional 2,468 shares during the last quarter. Finally, D Orazio & Associates Inc. bought a new stake in Travelers Companies in the 4th quarter worth approximately $285,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRV has been the topic of a number of research reports. Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Barclays lifted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $260.47.

Travelers Companies Price Performance

TRV opened at $242.37 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The stock has a market cap of $55.02 billion, a P/E ratio of 11.29, a PEG ratio of 1.08 and a beta of 0.64. The business has a fifty day moving average of $244.40 and a 200 day moving average of $240.24. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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 during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the business earned $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.