Kestra Private Wealth Services LLC Lowers Stock Holdings in The Travelers Companies, Inc. $TRV

Kestra Private Wealth Services LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 26.7% during the first quarter, HoldingsChannel.com reports. The firm owned 6,270 shares of the insurance provider’s stock after selling 2,283 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Travelers Companies were worth $1,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. Norges Bank bought a new stake in Travelers Companies in the fourth quarter worth $723,339,000. State Street Corp increased its holdings in shares of Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares in the last quarter. AustralianSuper Pty Ltd raised its position in shares of Travelers Companies by 102.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after purchasing an additional 458,746 shares during the last quarter. Woodline Partners LP bought a new position in Travelers Companies in the 3rd quarter worth about $99,680,000. Finally, AQR Capital Management LLC boosted its stake in Travelers Companies by 22.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after purchasing an additional 331,170 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 in the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $327.14 on Monday. The company’s 50-day simple moving average is $303.24 and its two-hundred day simple moving average is $296.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $69.57 billion, a P/E ratio of 9.73, a P/E/G ratio of 2.95 and a beta of 0.48. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $327.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the business posted $1.91 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a $1.25 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is presently 14.88%.

Analysts Set New Price Targets

Several research analysts have issued reports on TRV shares. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. BMO Capital Markets upped their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Wells Fargo & Company increased their target price on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Finally, Bank of America reduced their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $309.07.

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.