Cerity Partners LLC Increases Stake in The Travelers Companies, Inc. $TRV

Cerity Partners LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,568 shares of the insurance provider’s stock after purchasing an additional 7,657 shares during the period. Cerity Partners LLC’s holdings in Travelers Companies were worth $30,873,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRV. Valeo Financial Advisors LLC lifted its stake in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares during the period. Norges Bank purchased a new position in Travelers Companies in the second quarter valued at $815,013,000. JPMorgan Chase & Co. raised its position in shares of Travelers Companies by 10.9% in the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after acquiring an additional 751,715 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Travelers Companies by 86.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after acquiring an additional 342,666 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Travelers Companies by 4,767.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 338,150 shares of the insurance provider’s stock worth $94,418,000 after acquiring an additional 331,203 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider owned 255,086 shares in the company, valued at approximately $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,295 shares of company stock worth $13,011,918 in the last quarter. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRV. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Evercore ISI boosted their price objective on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday. Piper Sandler lifted their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $298.38.

Travelers Companies Stock Up 0.3%

Shares of TRV opened at $284.01 on Friday. The stock has a 50 day moving average price of $286.40 and a 200 day moving average price of $274.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $63.35 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.71 and a beta of 0.52. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $296.85.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.24 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Travelers Companies Company Profile

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.