The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,663 shares of the insurance provider’s stock after selling 216 shares during the period. Kentucky Retirement Systems’ holdings in Travelers Companies were worth $3,773,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $27,000. True Wealth Design LLC acquired a new position in Travelers Companies during the 3rd quarter valued at approximately $41,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter valued at approximately $44,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the third quarter worth $50,000. Finally, Versant Capital Management Inc lifted its stake in shares of 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. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TRV shares. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. BMO Capital Markets increased their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research note on Thursday, November 21st. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Stock Performance

NYSE TRV opened at $239.90 on Friday. The stock has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.67 and a beta of 0.64. The stock has a 50-day moving average of $242.04 and a 200 day moving average of $241.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the company posted $7.01 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.33% of the company’s stock.

About Travelers Companies

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.