Cetera Investment Advisers Buys Shares of 54,905 The Travelers Companies, Inc. (NYSE:TRV)

Cetera Investment Advisers acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 54,905 shares of the insurance provider's stock, valued at approximately $14,520,000.

Several other institutional investors also recently bought and sold shares of the business. PFG Advisors boosted its stake in shares of Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after acquiring an additional 2,217 shares during the last quarter. Yoffe Investment Management LLC purchased a new stake in Travelers Companies in the fourth quarter valued at $1,202,000. Greatmark Investment Partners Inc. raised its holdings in shares of Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock valued at $16,120,000 after buying an additional 1,772 shares during the period. Portside Wealth Group LLC purchased a new stake in shares of Travelers Companies in the 1st quarter valued at $208,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Travelers Companies by 47.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock valued at $1,403,000 after buying an additional 1,703 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.8%

Shares of NYSE TRV traded down $1.97 during midday trading on Friday, reaching $258.27. 1,076,945 shares of the company's stock were exchanged, compared to its average volume of 1,350,366. The Travelers Companies, Inc. has a 52-week low of $206.43 and a 52-week high of $277.83. The stock has a market capitalization of $58.14 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 3.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The business's fifty day moving average price is $264.33 and its two-hundred day moving average price is $257.57.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's payout ratio is currently 19.46%.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock valued at $47,929,912 over the last 90 days. Corporate insiders own 1.46% of the company's stock.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upped their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Citigroup reissued a "market perform" rating on shares of Travelers Companies in a report on Monday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and an average price target of $279.82.

Travelers Companies Company 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.