KCM Investment Advisors LLC Decreases Stake in The Travelers Companies, Inc. $TRV

KCM Investment Advisors LLC cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,332 shares of the insurance provider’s stock after selling 1,543 shares during the quarter. KCM Investment Advisors LLC’s holdings in Travelers Companies were worth $4,764,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in Travelers Companies during the fourth quarter worth about $723,339,000. State Street Corp increased its holdings in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Travelers Companies by 102.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after acquiring an additional 458,746 shares during the period. Woodline Partners LP acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $99,680,000. Finally, AQR Capital Management LLC boosted its stake in shares of Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after acquiring an additional 331,170 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 0.8%

Shares of NYSE:TRV opened at $390.51 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $391.99. The stock’s 50-day moving average price is $323.75 and its two-hundred day moving average price is $305.34. The firm has a market cap of $81.45 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 3.83 and a beta of 0.46. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $6.51 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 32.49 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 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 presently 13.39%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRV. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Mizuho boosted their target price on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial upped their target price on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday, May 26th. Finally, Morgan Stanley lifted their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $354.26.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.