20,211 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Kelly Financial Services LLC

Kelly Financial Services LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,211 shares of the insurance provider's stock, valued at approximately $4,869,000. Travelers Companies makes up approximately 1.5% of Kelly Financial Services LLC's portfolio, making the stock its 18th largest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC increased its stake in Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock valued at $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after purchasing an additional 282,884 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies during the third quarter worth $54,988,000. Finally, Janus Henderson Group PLC lifted its position in shares of Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider's stock worth $79,582,000 after buying an additional 232,428 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock worth $20,295,856 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 1.1 %

TRV traded down $2.72 on Friday, reaching $239.65. 1,346,193 shares of the company traded hands, compared to its average volume of 993,809. The Travelers Companies, Inc. has a 52-week low of $195.57 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $54.41 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.65. The stock's 50 day moving average price is $249.57 and its 200-day moving average price is $235.96.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

Analysts Set New Price Targets

TRV has been the topic of several research reports. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Piper Sandler cut their price target on Travelers Companies from $280.00 to $259.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. BMO Capital Markets upped their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $254.65.

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.