Independence Bank of Kentucky Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Independence Bank of Kentucky acquired a new position in The Travelers Companies, Inc. (NYSE:TRVFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 247 shares of the insurance provider’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Fairfield Bush & CO. purchased a new position in Travelers Companies in the first quarter valued at about $160,000. Cibc World Market Inc. lifted its stake in shares of Travelers Companies by 28.8% during the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after buying an additional 1,327 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Travelers Companies by 1.0% during the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after buying an additional 115 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Travelers Companies by 40.6% during the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after buying an additional 14,873 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Travelers Companies by 5.0% during the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after buying an additional 1,286 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $229.06 on Thursday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $230.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50-day moving average is $219.42 and its 200 day moving average is $192.02. The stock has a market capitalization of $52.48 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.19 and a beta of 0.58.

Travelers Companies (NYSE:TRVGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $1.91. The business had revenue of $10.93 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.40 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.7 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, March 7th. Travelers Companies’s payout ratio is 31.27%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the sale, the insider now owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 over the last 90 days. 1.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRV. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $166.00 to $186.00 and gave the company a “sell” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $194.00 to $215.00 and gave the company a “market perform” rating in a report on Monday, January 22nd. Royal Bank of Canada raised their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Citigroup raised their price target on shares of Travelers Companies from $185.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a report on Monday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $203.69.

Check Out Our Latest Research Report on TRV

Travelers Companies Company Profile

(Free Report)

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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