The Travelers Companies, Inc. $TRV Stake Raised by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Travelers stake by 4.5% in the third quarter, bringing its holdings to 61,504 shares valued at about $21.9 million. Institutional investors collectively own 82.45% of the company.
• Travelers reported quarterly EPS of $9.18, above the $7.39 consensus, and revenue of $12.41 billion versus estimates of $11.36 billion; revenue was down 0.5% year over year.
• Company insiders sold 195,287 shares worth about $77.8 million over the last 90 days. Analysts’ consensus rating was Hold, with an average price target of $370.83.

Kestra Advisory Services LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,504 shares of the insurance provider's stock after acquiring an additional 2,667 shares during the quarter. Kestra Advisory Services LLC's holdings in Travelers Companies were worth $21,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $26,000. Kilter Group LLC acquired a new stake in Travelers Companies during the second quarter valued at approximately $26,000. Latitude Advisors LLC acquired a new stake in Travelers Companies during the third quarter valued at approximately $28,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Travelers Companies during the second quarter valued at approximately $30,000. Institutional investors own 82.45% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mojgan Lefebvre sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the completion of the sale, the executive vice president directly owned 11,000 shares in the company, valued at approximately $4,332,240. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andy Bessette sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $399.35, for a total transaction of $1,198,050.00. Following the transaction, the executive vice president directly owned 18,285 shares in the company, valued at $7,302,114.75. The trade was a 14.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 195,287 shares of company stock valued at $77,818,050 over the last ninety days. Insiders own 1.39% of the company's stock.

Travelers Companies Stock Down 1.9%

NYSE:TRV opened at $395.08 on Friday. The business's fifty day moving average price is $377.66 and its 200 day moving average price is $332.77. The firm has a market capitalization of $80.97 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 2.73 and a beta of 0.40. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $268.00 and a 1-year high of $418.00.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts' consensus estimates of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same period last year, the company posted $8.14 EPS. The business's quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 36.27 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies's dividend payout ratio is 13.11%.

Analyst Ratings Changes

TRV has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $352.00 to $379.00 and gave the stock a "neutral" rating in a report on Tuesday, October 20th. The Goldman Sachs Group cut Travelers Companies from a "neutral" rating to a "sell" rating and upped their price target for the company from $339.00 to $350.00 in a report on Monday, July 20th. Evercore cut their price objective on Travelers Companies from $372.00 to $342.00 in a research report on Wednesday, October 28th. Wells Fargo & Company raised their price objective on Travelers Companies from $341.00 to $377.00 and gave the stock an "equal weight" rating in a research note on Monday, October 19th. Finally, HSBC lifted their target price on Travelers Companies from $376.00 to $389.00 and gave the stock a "hold" rating in a report on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $370.83.

Travelers Companies Company Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers' compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.