KBC Group NV Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

KBC Group NV decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,194 shares of the insurance provider’s stock after selling 1,180 shares during the period. KBC Group NV owned 0.07% of Travelers Companies worth $38,348,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TRV. Thrivent Financial for Lutherans increased its stake in Travelers Companies by 39.9% during the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after acquiring an additional 4,466 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Travelers Companies by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 24,875 shares of the insurance provider’s stock worth $5,058,000 after purchasing an additional 3,228 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new stake in Travelers Companies in the 2nd quarter valued at about $2,654,000. Wellington Wealth Strategies LLC. acquired a new position in Travelers Companies in the second quarter valued at about $315,000. Finally, Quarry LP boosted its stake in Travelers Companies by 249.0% during the second quarter. Quarry LP now owns 869 shares of the insurance provider’s stock worth $177,000 after buying an additional 620 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Roth Mkm upped their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Bank of America boosted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $260.47.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 3.8 %

Shares of NYSE TRV opened at $251.15 on Tuesday. The business has a 50-day moving average of $247.92 and a two-hundred day moving average of $237.51. The company has a market capitalization of $57.01 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.01 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Travelers Companies Company 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.