KBC Group NV Sells 14,032 Shares of The Travelers Companies, Inc. $TRV

KBC Group NV decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,682 shares of the insurance provider’s stock after selling 14,032 shares during the quarter. KBC Group NV owned about 0.06% of Travelers Companies worth $38,976,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TRV. Brighton Jones LLC lifted its position 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 valued at $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the 4th quarter valued at about $276,000. Apollon Wealth Management LLC raised its position in shares of Travelers Companies by 8.9% in the 1st quarter. Apollon Wealth Management LLC now owns 3,584 shares of the insurance provider’s stock valued at $948,000 after buying an additional 292 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Travelers Companies by 3.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 22,052 shares of the insurance provider’s stock worth $5,832,000 after buying an additional 821 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Travelers Companies by 19.5% during the first quarter. Wealthfront Advisers LLC now owns 20,284 shares of the insurance provider’s stock worth $5,364,000 after buying an additional 3,306 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TRV. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Piper Sandler lifted their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $291.31.

Travelers Companies Stock Performance

Shares of TRV stock opened at $286.19 on Thursday. The firm has a 50 day moving average of $274.91 and a 200-day moving average of $269.31. The company has a market cap of $63.84 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $288.95.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period in the prior year, the firm earned $5.24 earnings per share. Travelers Companies’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 50,392 shares of company stock valued at $13,945,170 in the last three months. Corporate insiders own 1.46% of the company’s stock.

About Travelers Companies

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.