Kestra Investment Management LLC Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Kestra Investment Management LLC lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,695 shares of the insurance provider’s stock after selling 445 shares during the period. Kestra Investment Management LLC’s holdings in Travelers Companies were worth $1,131,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $27,000. True Wealth Design LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc grew its position in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 2.0 %

NYSE TRV opened at $238.25 on Tuesday. The stock has a market cap of $54.09 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The stock has a 50 day simple moving average of $242.76 and a two-hundred day simple moving average of $240.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business posted $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts forecast that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays lifted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Roth Mkm upped their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $260.47.

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.