KCM Investment Advisors LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 8.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,332 shares of the insurance provider’s stock after selling 1,543 shares during the period. KCM Investment Advisors LLC’s holdings in Travelers Companies were worth $4,764,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Spinnaker Trust boosted its position in shares of Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after buying an additional 33 shares during the period. Cim LLC lifted its position in Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after acquiring an additional 34 shares in the last quarter. Avalon Trust Co lifted its position in Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after acquiring an additional 35 shares in the last quarter. Haverford Trust Co boosted its holdings in Travelers Companies by 0.7% in the 4th quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock worth $1,511,000 after acquiring an additional 35 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its holdings in Travelers Companies by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock worth $1,519,000 after acquiring an additional 35 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a research note on Monday, July 20th. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Finally, UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $354.26.
Travelers Companies Trading Up 0.8%
NYSE TRV opened at $390.51 on Tuesday. The company has a market capitalization of $81.45 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 3.83 and a beta of 0.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $391.99. The company’s fifty day moving average price is $323.75 and its two-hundred day moving average price is $305.34.
Travelers Companies (NYSE:TRV – Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.51 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 32.49 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.
Insiders Place Their Bets
In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.39% of the stock is currently owned by corporate insiders.
About Travelers Companies
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.
Read More
- Five stocks we like better than Travelers Companies
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.
