Cetera Investment Advisers Buys 3,380 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Cetera Investment Advisers raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,921 shares of the insurance provider’s stock after purchasing an additional 3,380 shares during the period. Cetera Investment Advisers’ holdings in Travelers Companies were worth $9,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Drive Wealth Management LLC grew its holdings in Travelers Companies by 2.8% during the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock valued at $360,000 after buying an additional 48 shares in the last quarter. Kapitalo Investimentos Ltda boosted its position in shares of Travelers Companies by 24.1% during the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 49 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares in the last quarter. Norwood Financial Corp increased its position in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 50 shares during the last quarter. Finally, Arrow Financial Corp raised its stake in Travelers Companies by 0.6% during the second quarter. Arrow Financial Corp now owns 8,983 shares of the insurance provider’s stock valued at $1,827,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $236.21 on Friday. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The stock’s fifty day moving average price is $226.20 and its 200-day moving average price is $218.61. The firm has a market cap of $53.84 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the prior year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.16 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent research reports. Citigroup lifted their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. Barclays started coverage on Travelers Companies in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. Bank of America boosted their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies 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.