Kestra Private Wealth Services LLC Has $2.40 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Kestra Private Wealth Services LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,060 shares of the insurance provider's stock after purchasing an additional 1,538 shares during the period. Kestra Private Wealth Services LLC's holdings in Travelers Companies were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TRV. Brighton Jones LLC boosted its stake in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth $276,000. Proficio Capital Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $399,000. Thrivent Financial for Lutherans boosted its position in shares of Travelers Companies by 1.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 17,331 shares of the insurance provider's stock valued at $4,268,000 after purchasing an additional 323 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Travelers Companies by 5.9% in the 4th quarter. American Century Companies Inc. now owns 377,482 shares of the insurance provider's stock valued at $90,932,000 after purchasing an additional 21,194 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the transaction, the chief executive officer directly owned 262,329 shares in the company, valued at approximately $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the stock in a transaction that occurred 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 approximately $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock worth $47,929,912 in the last ninety days. 1.46% of the stock is owned by insiders.

Travelers Companies Stock Down 0.3%

NYSE TRV traded down $0.69 during trading on Friday, reaching $261.30. The company's stock had a trading volume of 179,171 shares, compared to its average volume of 1,345,506. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $58.83 billion, a PE ratio of 11.58, a PEG ratio of 3.14 and a beta of 0.51. The business has a 50-day moving average price of $265.71 and a 200-day moving average price of $256.87. The Travelers Companies, Inc. has a 1-year low of $206.43 and a 1-year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the firm earned $2.51 earnings per share. The business's quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Travelers Companies's dividend payout ratio is presently 19.46%.

Analysts Set New Price Targets

Several brokerages have commented on TRV. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus price target of $275.56.

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.