Moors & Cabot Inc. Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Moors & Cabot Inc. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,833 shares of the insurance provider’s stock after acquiring an additional 133 shares during the period. Moors & Cabot Inc.’s holdings in Travelers Companies were worth $1,834,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TRV. Acadian Asset Management LLC raised its holdings in Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after buying an additional 678,241 shares during the period. International Assets Investment Management LLC raised its stake in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of Travelers Companies during the first quarter valued at approximately $88,190,000. Renaissance Technologies LLC raised its stake in shares of Travelers Companies by 324.9% during the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after purchasing an additional 230,612 shares during the period. Finally, Boston Partners raised its stake in shares of Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $257.12 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $172.38 and a fifty-two week high of $269.55. The firm’s 50-day simple moving average is $245.79 and its 200 day simple moving average is $225.37. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $58.37 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,409 shares of company stock worth $19,305,504 over the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRV. Royal Bank of Canada lifted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Citigroup raised their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays raised their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $247.90.

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.