Kilter Group LLC Takes Position in The Travelers Companies, Inc. $TRV

Kilter Group LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,663 shares of the insurance provider’s stock, valued at approximately $367,000. Travelers Companies accounts for 0.1% of Kilter Group LLC’s holdings, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Travelers Companies in the second quarter worth approximately $6,915,909,000. Norges Bank acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $723,339,000. Bank of New York Mellon Corp bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $469,505,000. Deutsche Bank AG bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Travelers Companies during the second quarter worth approximately $205,539,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

TRV opened at $364.79 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $76.09 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 3.44 and a beta of 0.45. The firm’s fifty day moving average price is $351.09 and its two-hundred day moving average price is $317.80. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the company posted $6.51 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Piper Sandler upped their price objective on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. HSBC raised their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Finally, Morgan Stanley boosted their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $354.26.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.