Kentucky Retirement Systems Sells 216 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Kentucky Retirement Systems reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,663 shares of the insurance provider’s stock after selling 216 shares during the quarter. Kentucky Retirement Systems’ holdings in Travelers Companies were worth $3,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new stake in Travelers Companies during the fourth quarter valued at $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth about $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies in the 4th quarter worth about $44,000. Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $239.90 on Friday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The business has a 50-day moving average price of $242.04 and a 200 day moving average price of $241.51. The company has a market capitalization of $54.39 billion, a P/E ratio of 11.17, a PEG ratio of 4.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the business posted $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRV. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Barclays lifted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $275.00 to $286.00 in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $261.05.

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.