The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by KBC Group NV

KBC Group NV trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,194 shares of the insurance provider’s stock after selling 1,180 shares during the quarter. KBC Group NV’s holdings in Travelers Companies were worth $38,348,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TRV. Wolff Wiese Magana LLC lifted its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies during the third quarter worth about $50,000. Versant Capital Management Inc grew its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $259.00 to $310.00 in a research report on Friday. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.47.

Insider Activity at Travelers Companies

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

Travelers Companies Stock Up 3.8 %

TRV opened at $251.15 on Tuesday. The stock has a market capitalization of $57.01 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The business has a 50-day moving average of $247.92 and a two-hundred day moving average of $237.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.01 earnings per share. On average, research analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.