Travelers Companies Inc (NYSE:TRV) Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its holdings in Travelers Companies Inc (NYSE:TRV) by 5.7% during the 1st quarter, Holdings Channel reports. The firm owned 125,470 shares of the insurance provider’s stock after acquiring an additional 6,758 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Travelers Companies were worth $17,210,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TRV. Vanguard Group Inc raised its holdings in shares of Travelers Companies by 0.3% in the third quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after acquiring an additional 65,931 shares in the last quarter. Comerica Securities Inc. raised its holdings in shares of Travelers Companies by 22.5% in the fourth quarter. Comerica Securities Inc. now owns 10,568 shares of the insurance provider’s stock valued at $1,266,000 after acquiring an additional 1,944 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Travelers Companies by 11,730.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares in the last quarter. Comerica Bank raised its holdings in shares of Travelers Companies by 21.3% in the fourth quarter. Comerica Bank now owns 91,729 shares of the insurance provider’s stock valued at $11,450,000 after acquiring an additional 16,077 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $1,233,000. 80.45% of the stock is currently owned by institutional investors.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 60,979 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $137.46, for a total value of $8,382,173.34. Following the completion of the transaction, the insider now directly owns 146,845 shares in the company, valued at $20,185,313.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 10,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $147.75, for a total transaction of $1,477,500.00. Following the completion of the transaction, the insider now owns 247,245 shares of the company’s stock, valued at $36,530,448.75. The disclosure for this sale can be found here. Insiders sold 211,860 shares of company stock valued at $30,020,402 over the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price objective for the company. in a report on Wednesday, June 5th. Barclays lifted their price objective on Travelers Companies from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Morgan Stanley lifted their price objective on Travelers Companies from $119.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada set a $145.00 price objective on Travelers Companies and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, MKM Partners boosted their target price on shares of Travelers Companies to $140.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Travelers Companies has an average rating of “Hold” and an average target price of $142.31.

Shares of Travelers Companies stock opened at $150.11 on Monday. The stock has a market capitalization of $39.22 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.36 and a beta of 0.99. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a one year low of $111.08 and a one year high of $150.64.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 18th. The insurance provider reported $2.83 EPS for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 earnings per share. On average, sell-side analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a yield of 2.19%. Travelers Companies’s payout ratio is currently 36.69%.

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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