CX Institutional Has $4.45 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

CX Institutional increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1,264.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,996 shares of the insurance provider’s stock after purchasing an additional 17,604 shares during the period. CX Institutional’s holdings in Travelers Companies were worth $4,447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the second quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC boosted its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter worth $42,000. Finally, Tributary Capital Management LLC bought a new position in shares of Travelers Companies during the 1st quarter worth about $45,000. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $240.91 on Wednesday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.63. The firm has a market cap of $54.91 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The business’s fifty day moving average is $229.08 and its two-hundred day moving average is $218.90.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share 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 company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.08 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 26.55%.

Wall Street Analyst Weigh In

TRV has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Citigroup lifted their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their target price on Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $231.63.

About Travelers Companies

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.