Cerity Partners LLC Acquires 4,140 Shares of The Travelers Companies, Inc. $TRV

Cerity Partners LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,708 shares of the insurance provider’s stock after acquiring an additional 4,140 shares during the quarter. Cerity Partners LLC’s holdings in Travelers Companies were worth $33,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Chicago Partners Investment Group LLC grew its position in Travelers Companies by 1.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after acquiring an additional 36 shares during the last quarter. 111 Capital grew its position in Travelers Companies by 3.0% in the 4th quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock valued at $355,000 after acquiring an additional 36 shares during the last quarter. Greenleaf Trust grew its position in Travelers Companies by 0.4% in the 4th quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock valued at $2,911,000 after acquiring an additional 37 shares during the last quarter. Allegiance Financial Group Advisory Services LLC grew its position in Travelers Companies by 3.4% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,130 shares of the insurance provider’s stock valued at $328,000 after acquiring an additional 37 shares during the last quarter. Finally, CYBER HORNET ETFs LLC grew its position in Travelers Companies by 6.0% in the 4th quarter. CYBER HORNET ETFs LLC now owns 656 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $303.74 on Thursday. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. The stock has a market capitalization of $64.59 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 2.71 and a beta of 0.48. The stock has a fifty day simple moving average of $299.69 and a two-hundred day simple moving average of $294.35. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the prior year, the business earned $1.91 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is currently 14.88%.

Wall Street Analyst Weigh In

TRV has been the topic of several research analyst reports. Barclays upped their price objective on Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Wells Fargo & Company upped their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Bank of America lowered their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Finally, Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $311.47.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. This represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,573 shares of company stock worth $11,504,146 over the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

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.