Cerity Partners LLC Increases Stock Position in The Travelers Companies, Inc. $TRV

Cerity Partners LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,568 shares of the insurance provider’s stock after buying an additional 7,657 shares during the quarter. Cerity Partners LLC’s holdings in Travelers Companies were worth $30,873,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Travelers Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after acquiring an additional 313,449 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Travelers Companies by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares during the last quarter. Geode Capital Management LLC boosted its position in Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after purchasing an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares in the last quarter. Finally, Norges Bank purchased a new position in Travelers Companies in the second quarter valued at about $815,013,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRV. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday. Barclays cut their price target on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday. Morgan Stanley increased their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $298.38.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,295 shares of company stock valued at $13,011,918 over the last quarter. Insiders own 1.46% of the company’s stock.

Travelers Companies Stock Up 0.3%

Travelers Companies stock opened at $284.01 on Friday. The business’s 50-day simple moving average is $286.40 and its two-hundred day simple moving average is $274.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $63.35 billion, a PE ratio of 11.17, a PEG ratio of 2.71 and a beta of 0.52. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the business posted $5.24 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Travelers Companies Profile

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.