Cantor Fitzgerald Investment Advisors L.P. Lowers Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Cantor Fitzgerald Investment Advisors L.P. reduced its stake in The Travelers Companies by 9.4% during the second quarter, holding 45,699 shares valued at approximately $12.2 million at quarter's end.
• Several institutional investors, including BSW Wealth Partners and First Pacific Financial, have increased their stakes in Travelers, with First Pacific raising its holdings by a staggering 34,717.8%.
• The Travelers Companies recently announced a quarterly dividend of $1.10 per share, reflecting an annualized yield of 1.6% and a payout ratio of 19.46%.

Cantor Fitzgerald Investment Advisors L.P. lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,699 shares of the insurance provider's stock after selling 4,752 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Travelers Companies were worth $12,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BSW Wealth Partners increased its stake in Travelers Companies by 2.6% in the 2nd quarter. BSW Wealth Partners now owns 6,649 shares of the insurance provider's stock valued at $1,779,000 after buying an additional 166 shares during the period. USA Financial Formulas purchased a new stake in shares of Travelers Companies in the second quarter valued at about $868,000. Mountain Pacific Investment Advisers LLC boosted its holdings in shares of Travelers Companies by 2.7% in the second quarter. Mountain Pacific Investment Advisers LLC now owns 1,870 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 50 shares in the last quarter. Heritage Financial Services LLC acquired a new position in shares of Travelers Companies during the second quarter worth about $201,000. Finally, First Pacific Financial raised its holdings in Travelers Companies by 34,717.8% during the second quarter. First Pacific Financial now owns 15,668 shares of the insurance provider's stock worth $4,192,000 after purchasing an additional 15,623 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TRV shares. UBS Group lifted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Wells Fargo & Company increased their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Finally, Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $284.56.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.6%

NYSE:TRV opened at $277.46 on Thursday. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $280.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $270.77 and a 200-day simple moving average of $265.18. The company has a market capitalization of $62.46 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $2.51 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's dividend payout ratio is presently 19.46%.

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.

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