Kentucky Retirement Systems Has $3.51 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Kentucky Retirement Systems decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,256 shares of the insurance provider’s stock after selling 74 shares during the quarter. Kentucky Retirement Systems’ holdings in Travelers Companies were worth $3,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Paces Ferry Wealth Advisors LLC raised its position in shares of Travelers Companies by 13.0% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 1,003 shares of the insurance provider’s stock valued at $204,000 after buying an additional 115 shares in the last quarter. Sienna Gestion acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $5,411,000. Hsbc Holdings PLC raised its position in shares of Travelers Companies by 1.3% in the 2nd quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock valued at $226,307,000 after buying an additional 14,764 shares in the last quarter. Blair William & Co. IL raised its position in shares of Travelers Companies by 0.4% in the 2nd quarter. Blair William & Co. IL now owns 33,878 shares of the insurance provider’s stock valued at $6,889,000 after buying an additional 137 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Travelers Companies by 2.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,317 shares of the insurance provider’s stock valued at $5,115,000 after buying an additional 659 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Morgan Stanley lowered their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $227.05.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.9 %

NYSE:TRV opened at $237.59 on Friday. The firm’s fifty day moving average is $220.88 and its 200-day moving average is $217.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The firm has a market cap of $54.15 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the prior year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

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.