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

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 49.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,575 shares of the insurance provider's stock after selling 6,318 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Travelers Companies were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Yoffe Investment Management LLC bought a new stake in Travelers Companies during the fourth quarter valued at about $1,202,000. Erste Asset Management GmbH boosted its position in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Travelers Companies by 43.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after purchasing an additional 47,985 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Travelers Companies by 16.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock valued at $5,122,000 after purchasing an additional 3,046 shares in the last quarter. Finally, Banco Santander S.A. boosted its position in Travelers Companies by 2.3% during the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider's stock valued at $16,065,000 after purchasing an additional 1,494 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $2.61 during trading on Monday, hitting $267.59. The stock had a trading volume of 1,116,788 shares, compared to its average volume of 1,287,836. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83. The stock has a market capitalization of $60.44 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $266.53 and a two-hundred day simple moving average of $254.18.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same period last year, the business posted $4.69 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. UBS Group dropped their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Barclays lowered their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group raised their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $271.11.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer now directly owns 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer now owns 262,329 shares of the company's stock, valued at $71,820,433.62. This trade represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by corporate insiders.

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.