Kentucky Retirement Systems Insurance Trust Fund Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 91.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,893 shares of the insurance provider's stock after purchasing an additional 6,145 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Travelers Companies were worth $3,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Elevate Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $4,627,000. Franklin Resources Inc. increased its stake in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Czech National Bank increased its stake in shares of Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $275.00 to $286.00 in a research note on Wednesday. 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, January 24th. Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $261.05.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.33% of the stock is owned by company insiders.

Travelers Companies Trading Down 0.6 %

Shares of TRV stock traded down $1.34 during trading hours on Friday, hitting $239.90. The company had a trading volume of 1,250,687 shares, compared to its average volume of 1,338,822. The company's fifty day moving average is $242.04 and its 200 day moving average is $241.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The stock has a market capitalization of $54.39 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.64.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the business posted $7.01 EPS. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

About Travelers Companies

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.