The Travelers Companies, Inc. $TRV Stock Sold by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors cut its Travelers position by 83.1% in the third quarter, selling 39,551 shares and retaining 8,063 shares valued at approximately $2.875 million. Institutional investors and hedge funds still own 82.45% of the company.
• Travelers reported a strong quarterly performance, with EPS of $9.18 versus the $7.39 consensus and revenue of $12.41 billion versus expectations of $11.36 billion. Shares opened at $398.83, near their 52-week high of $399.71.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.3% yield. Despite positive earnings momentum and some higher analyst targets, the consensus rating remains “Hold,” with an average price target of $364.32.

Cantor Fitzgerald Investment Advisors L.P. decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 83.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,063 shares of the insurance provider's stock after selling 39,551 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Travelers Companies were worth $2,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Sage Private Wealth Group LLC acquired a new position in shares of Travelers Companies during the third quarter worth $208,000. Axxcess Wealth Management LLC boosted its position in shares of Travelers Companies by 62.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 2,581 shares of the insurance provider's stock worth $920,000 after purchasing an additional 995 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Travelers Companies by 155.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 22,494 shares of the insurance provider's stock worth $8,019,000 after buying an additional 13,686 shares during the last quarter. Sawyer & Company Inc acquired a new position in Travelers Companies during the 3rd quarter valued at about $5,800,000. Finally, Nisa Investment Advisors LLC increased its position in Travelers Companies by 11.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 85,167 shares of the insurance provider's stock valued at $30,363,000 after buying an additional 8,443 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV opened at $398.83 on Thursday. The stock has a 50-day moving average of $370.12 and a two-hundred day moving average of $339.95. The Travelers Companies, Inc. has a one year low of $264.25 and a one year high of $399.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $81.74 billion, a P/E ratio of 10.40, a P/E/G ratio of 2.80 and a beta of 0.43.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.14 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 35.47 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies's dividend payout ratio is currently 13.11%.

Travelers Companies News Summary

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, adding to the positive analyst sentiment following the company’s earnings performance. Wells Fargo Travelers stock outlook
• Positive Sentiment: Truist Financial raised its price target for Travelers, signaling improved expectations for the insurer’s valuation. Truist raises Travelers price target
• Positive Sentiment: Travelers reported third-quarter earnings of $9.18 per share, well above the $7.39 consensus estimate, while revenue also exceeded expectations. The earnings beat supports the recent strength in TRV shares.
• Positive Sentiment: Analysts’ overall fair-value estimates moved modestly higher after the third-quarter results, reflecting better operating expectations for the insurer. Travelers fair value lift

Insider Activity at Travelers Companies

In related news, EVP Daniel Yin sold 7,153 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Olivo sold 6,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the completion of the transaction, the executive vice president owned 118,742 shares in the company, valued at approximately $43,917,916.12. This trade represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,317 shares of company stock worth $6,597,631 over the last quarter. Insiders own 1.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. HSBC raised their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a report on Monday, July 6th. UBS Group restated a "neutral" rating on shares of Travelers Companies in a report on Monday. Cantor Fitzgerald upped their price objective on shares of Travelers Companies from $377.00 to $378.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research report on Monday, July 20th. Finally, Morgan Stanley lifted their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus price target of $364.32.

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

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