Kennebec Savings Bank Sells 64 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Kennebec Savings Bank reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 20.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 244 shares of the insurance provider’s stock after selling 64 shares during the period. Kennebec Savings Bank’s holdings in Travelers Companies were worth $57,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. AA Financial Advisors LLC lifted its stake in shares of Travelers Companies by 7.7% during the 4th quarter. AA Financial Advisors LLC now owns 4,571 shares of the insurance provider’s stock valued at $1,101,000 after buying an additional 327 shares in the last quarter. Evernest Financial Advisors LLC raised its holdings in Travelers Companies by 20.4% during the 4th quarter. Evernest Financial Advisors LLC now owns 3,161 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 535 shares during the period. Crews Bank & Trust purchased a new stake in shares of Travelers Companies during the fourth quarter worth $247,000. Murphy Pohlad Asset Management LLC lifted its position in shares of Travelers Companies by 7.7% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 37,725 shares of the insurance provider’s stock worth $9,088,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Baron Wealth Management LLC boosted its holdings in shares of Travelers Companies by 22.7% in the fourth quarter. Baron Wealth Management LLC now owns 1,692 shares of the insurance provider’s stock worth $408,000 after acquiring an additional 313 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRV shares. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research report on Monday. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $260.47.

Travelers Companies Stock Down 0.2 %

Shares of NYSE:TRV opened at $249.02 on Friday. The stock has a market capitalization of $56.53 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The stock’s 50-day moving average price is $247.33 and its 200-day moving average price is $238.15. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 20.6 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.69%. Travelers Companies’s payout ratio is currently 19.56%.

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.