Kayne Anderson Rudnick Investment Management LLC Sells 13,483 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Kayne Anderson Rudnick Investment Management LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 11.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 104,756 shares of the insurance provider’s stock after selling 13,483 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Travelers Companies were worth $21,301,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after acquiring an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after purchasing an additional 165,708 shares in the last quarter. Boston Partners raised its stake in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after purchasing an additional 196,011 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Travelers Companies by 1.3% during the 2nd quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock worth $226,307,000 after purchasing an additional 14,764 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRV shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. Morgan Stanley dropped their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Barclays started coverage on Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective on the stock. Citigroup upped their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $238.53 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s fifty day moving average price is $221.42 and its two-hundred day moving average price is $217.56. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The firm has a market cap of $54.62 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.26 and a beta of 0.62.

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

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction 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 accessible through the SEC website. 1.33% of the stock is currently owned by insiders.

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.