Kentucky Retirement Systems Insurance Trust Fund Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,531 shares of the insurance provider’s stock after selling 606 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Travelers Companies were worth $1,733,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TRV. Raymond James Financial Services Advisors Inc. boosted its position in Travelers Companies by 25.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 92,045 shares of the insurance provider’s stock valued at $17,534,000 after buying an additional 18,485 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Travelers Companies by 121.6% during the fourth quarter. Pacer Advisors Inc. now owns 32,733 shares of the insurance provider’s stock worth $6,235,000 after purchasing an additional 17,965 shares during the last quarter. Trueblood Wealth Management LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth $322,000. Global Retirement Partners LLC raised its holdings in shares of Travelers Companies by 45.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,235 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 385 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in shares of Travelers Companies by 27.8% during the fourth quarter. Caprock Group LLC now owns 5,752 shares of the insurance provider’s stock worth $1,096,000 after purchasing an additional 1,251 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Bank of America raised their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Evercore ISI dropped their price target on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Finally, UBS Group dropped their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $220.94.

Insiders Place Their Bets

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is owned by insiders.

Travelers Companies Price Performance

TRV traded up $4.62 on Friday, reaching $213.85. 1,220,457 shares of the company’s stock were exchanged, compared to its average volume of 1,269,819. The stock has a market cap of $48.74 billion, a PE ratio of 15.89, a P/E/G ratio of 1.15 and a beta of 0.61. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The stock’s fifty day moving average price is $209.68 and its 200-day moving average price is $214.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.23 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

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.