The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,272 shares of the insurance provider’s stock after purchasing an additional 3,620 shares during the period. KCM Investment Advisors LLC’s holdings in Travelers Companies were worth $4,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRV. JPMorgan Chase & Co. increased its position in shares of Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Acadian Asset Management LLC increased its position in Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after acquiring an additional 678,241 shares during the period. International Assets Investment Management LLC increased its position in Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Travelers Companies in the 1st quarter valued at about $88,190,000. Finally, Renaissance Technologies LLC increased its position in Travelers Companies by 324.9% in the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after acquiring an additional 230,612 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TRV shares. Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. UBS Group boosted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price objective on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $247.90.

Insider Activity

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock valued at $16,580,166 over the last 90 days. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV traded up $1.65 during trading on Friday, hitting $258.17. 141,257 shares of the stock were exchanged, compared to its average volume of 1,299,212. The company has a fifty day moving average price of $243.91 and a two-hundred day moving average price of $223.99. The company has a market cap of $58.61 billion, a PE ratio of 13.27, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $169.18 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the business posted $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. On average, analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Travelers Companies 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.