Cerity Partners LLC Acquires 14,484 Shares of The Travelers Companies, Inc. $TRV

Cerity Partners LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 16.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,911 shares of the insurance provider’s stock after acquiring an additional 14,484 shares during the period. Cerity Partners LLC’s holdings in Travelers Companies were worth $27,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Avalon Trust Co boosted its stake in shares of Travelers Companies by 23.4% during the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after purchasing an additional 1,429 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Travelers Companies by 25.4% in the 1st quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after buying an additional 97,247 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in Travelers Companies by 54.1% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,838 shares of the insurance provider’s stock worth $2,337,000 after buying an additional 3,101 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Travelers Companies by 168.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,278 shares of the insurance provider’s stock worth $36,568,000 after buying an additional 86,689 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Travelers Companies by 11.3% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 54,430 shares of the insurance provider’s stock worth $14,404,000 after acquiring an additional 5,508 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. Barclays set a $313.00 price target on shares of Travelers Companies in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Wolfe Research began coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $292.73.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the sale, the insider directly owned 255,086 shares of the company’s stock, valued at $73,860,151.30. The trade was a 0.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at approximately $34,776,665.08. The trade was a 7.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 0.5%

Shares of NYSE:TRV opened at $279.55 on Tuesday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $296.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business’s 50-day moving average is $279.17 and its 200-day moving average is $271.83. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 2.76 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share 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 the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.24 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is currently 17.30%.

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.