Kestra Advisory Services LLC Has $9.33 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• Kestra Advisory Services LLC sold 1,861 shares of The Travelers Companies, Inc., reducing its stake by 5.0% during the first quarter, leaving it with 35,259 shares valued at approximately $9.3 million.
• Insider trading activity included significant sales by CEO Alan D. Schnitzer, who sold 35,456 shares for over $9.7 million, resulting in an 11.91% decrease in his ownership.
• The company reported earnings of $6.51 per share for the latest quarter, significantly exceeding analysts' expectations of $3.52, with a year-over-year revenue increase of 7.4% to $11.54 billion.

Kestra Advisory Services LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,259 shares of the insurance provider's stock after selling 1,861 shares during the quarter. Kestra Advisory Services LLC's holdings in Travelers Companies were worth $9,325,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Compound Planning Inc. grew its stake in shares of Travelers Companies by 14.8% in the 1st quarter. Compound Planning Inc. now owns 3,196 shares of the insurance provider's stock valued at $845,000 after buying an additional 411 shares in the last quarter. Barnes Wealth Management Group Inc bought a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $206,000. Norinchukin Bank The boosted its position in Travelers Companies by 8.7% during the first quarter. Norinchukin Bank The now owns 21,502 shares of the insurance provider's stock worth $5,686,000 after purchasing an additional 1,713 shares during the period. CW Advisors LLC boosted its position in Travelers Companies by 21.9% during the first quarter. CW Advisors LLC now owns 11,865 shares of the insurance provider's stock worth $3,135,000 after purchasing an additional 2,129 shares during the period. Finally, Kaufman Rossin Wealth LLC bought a new stake in Travelers Companies during the first quarter worth approximately $338,000. Institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRV. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Citigroup began coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group upped their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $284.56.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. This trade represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the transaction, the executive vice president directly owned 6,075 shares of the company's stock, valued at approximately $1,657,685.25. This trade represents a 71.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock valued at $47,929,912 over the last 90 days. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $1.54 during midday trading on Wednesday, hitting $272.43. The company had a trading volume of 807,951 shares, compared to its average volume of 1,233,806. The business's 50 day simple moving average is $263.61 and its two-hundred day simple moving average is $260.69. The stock has a market cap of $61.33 billion, a PE ratio of 12.05, a P/E/G ratio of 3.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $222.21 and a 1-year high of $279.04.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $2.51 earnings per share. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

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.