The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by KBC Group NV

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

Several other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Travelers Companies by 40.5% in the 4th quarter. Blue Trust Inc. now owns 7,088 shares of the insurance provider's stock valued at $1,660,000 after purchasing an additional 2,042 shares during the last quarter. Legacy Financial Group LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $628,000. Grimes & Company Inc. raised its stake in Travelers Companies by 3.9% in the 4th quarter. Grimes & Company Inc. now owns 2,541 shares of the insurance provider's stock valued at $612,000 after purchasing an additional 95 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in Travelers Companies by 30.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,395 shares of the insurance provider's stock valued at $818,000 after purchasing an additional 800 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Travelers Companies by 1.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,902 shares of the insurance provider's stock valued at $940,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRV. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $259.00 to $310.00 in a research note on Friday. Hsbc Global Res raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $260.47.

Travelers Companies Stock Down 0.9 %

Shares of Travelers Companies stock traded down $2.36 on Tuesday, hitting $248.65. 1,217,571 shares of the company's stock traded hands, compared to its average volume of 1,521,210. The stock has a market cap of $56.45 billion, a P/E ratio of 11.58, a PEG ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm's 50-day moving average is $247.69 and its 200 day moving average is $237.81. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last released its 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. The company had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $7.01 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.56%.

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.