CX Institutional Has $6.72 Million Stock Holdings in The Travelers Companies, Inc. $TRV

CX Institutional boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 16.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,078 shares of the insurance provider’s stock after buying an additional 3,329 shares during the quarter. CX Institutional’s holdings in Travelers Companies were worth $6,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TRV. Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Missouri Trust & Investment Co increased its position in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in Travelers Companies in the 2nd quarter worth about $27,000. Clayton Financial Group LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $28,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares during 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 analysts recently commented on TRV shares. Morgan Stanley increased their price objective on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. UBS Group boosted their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Barclays set a $313.00 price target on shares of Travelers Companies in a report on Wednesday, October 8th. Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $298.44.

Travelers Companies Stock Performance

NYSE:TRV opened at $283.20 on Thursday. The firm has a market capitalization of $63.17 billion, a PE ratio of 11.14, a PEG ratio of 2.73 and a beta of 0.52. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $296.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $286.14 and its 200 day simple moving average is $274.79.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.24 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Insiders Place Their Bets

In other news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. This represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 46,295 shares of company stock valued at $13,011,918. Corporate insiders own 1.46% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.