Cerity Partners LLC Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cerity Partners LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 17.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,427 shares of the insurance provider's stock after purchasing an additional 12,965 shares during the quarter. Cerity Partners LLC's holdings in Travelers Companies were worth $23,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smith Salley Wealth Management boosted its position in shares of Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after buying an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Travelers Companies by 7.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after acquiring an additional 47 shares during the last quarter. JT Stratford LLC lifted its holdings in shares of Travelers Companies by 0.8% in the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock valued at $1,456,000 after purchasing an additional 49 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in shares of Travelers Companies by 13.4% in the first quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock valued at $112,000 after purchasing an additional 50 shares during the last quarter. Finally, BLB&B Advisors LLC increased its stake in shares of Travelers Companies by 3.6% during the 1st quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider's stock worth $377,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the transaction, the chief financial officer owned 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the sale, the insider owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 in the last quarter. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

NYSE TRV opened at $254.26 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $202.95 and a 1-year high of $277.83. The firm has a market capitalization of $57.43 billion, a P/E ratio of 13.84, a P/E/G ratio of 3.72 and a beta of 0.51. The business's 50-day simple moving average is $267.10 and its 200-day simple moving average is $255.80.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the company posted $4.69 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, June 10th. Travelers Companies's dividend payout ratio is 23.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Evercore ISI increased their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $280.00 to $274.00 in a report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $271.00.

About Travelers Companies

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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