The Travelers Companies, Inc. $TRV Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.5% in the third quarter, Holdings Channel reports. The firm owned 61,504 shares of the insurance provider’s stock after buying an additional 2,667 shares during the period. Kestra Advisory Services LLC’s holdings in Travelers Companies were worth $21,927,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies in the second quarter worth approximately $26,000. Kilter Group LLC bought a new position in Travelers Companies during the second quarter valued at approximately $26,000. Latitude Advisors LLC bought a new position in Travelers Companies during the third quarter valued at approximately $28,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $30,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Travelers Companies from $330.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, October 23rd. HSBC raised their price target on shares of Travelers Companies from $376.00 to $389.00 and gave the company a “hold” rating in a report on Monday, October 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $384.00 price objective (up from $363.00) on shares of Travelers Companies in a research note on Monday, October 19th. Argus upped their price objective on shares of Travelers Companies from $330.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Mizuho upped their price objective on shares of Travelers Companies from $345.00 to $371.00 and gave the stock a “neutral” rating in a report on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $370.83.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the completion of the transaction, the executive vice president directly owned 11,000 shares in the company, valued at $4,332,240. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey P. Klenk sold 9,016 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total value of $3,656,619.12. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $2,463,837.75. This represents a 59.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 195,287 shares of company stock worth $77,818,050. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 1.9%

TRV stock opened at $395.08 on Friday. The stock has a market capitalization of $80.97 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 2.73 and a beta of 0.40. The company has a 50-day moving average of $377.66 and a two-hundred day moving average of $332.77. The Travelers Companies, Inc. has a 52-week low of $268.00 and a 52-week high of $418.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted 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 business had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same period in the previous year, the company posted $8.14 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Travelers Companies 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.