The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,725 shares of the insurance provider's stock after buying an additional 2,680 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Travelers Companies were worth $7,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Putney Financial Group LLC acquired a new position in Travelers Companies during the 4th quarter worth $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the fourth quarter valued at about $26,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies in the fourth quarter worth about $30,000. Wood Tarver Financial Group LLC acquired a new stake in Travelers Companies in the fourth quarter worth about $33,000. Finally, Generali Investments Management Co LLC bought a new position in Travelers Companies in the 4th quarter valued at about $37,000. 82.45% of the stock is owned by institutional investors.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider now directly owns 255,086 shares in the company, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer now directly owns 262,329 shares of the company's stock, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

TRV opened at $263.17 on Friday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $59.44 billion, a P/E ratio of 14.33, a PEG ratio of 3.81 and a beta of 0.53. The stock has a fifty day moving average of $267.15 and a 200-day moving average of $254.39.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the business earned $4.69 EPS. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Monday, March 24th. Wells Fargo & Company increased their price target on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus target price of $271.11.

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.

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