Krilogy Financial LLC Raises Stock Holdings in The Travelers Companies, Inc. $TRV

Krilogy Financial LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 60.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,421 shares of the insurance provider’s stock after buying an additional 2,427 shares during the quarter. Krilogy Financial LLC’s holdings in Travelers Companies were worth $1,919,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRV. Bank of America cut their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Piper Sandler increased their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, BMO Capital Markets raised their target price on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $309.07.

Travelers Companies Trading Up 1.2%

NYSE:TRV opened at $320.77 on Thursday. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $323.00. The firm has a market cap of $68.21 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.48. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $302.31 and a 200 day moving average price of $295.68.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.Travelers Companies’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is presently 14.88%.

Insider Activity

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Company Profile

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.