Cerity Partners LLC Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cerity Partners LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,462 shares of the insurance provider's stock after purchasing an additional 1,685 shares during the quarter. Cerity Partners LLC's holdings in Travelers Companies were worth $18,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in shares of Travelers Companies by 1.6% during the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock worth $3,439,392,000 after purchasing an additional 229,160 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Travelers Companies by 0.8% in the fourth quarter. Russell Investments Group Ltd. now owns 589,341 shares of the insurance provider's stock worth $141,899,000 after buying an additional 4,770 shares during the last quarter. Wedbush Securities Inc. raised its position in Travelers Companies by 17.8% during the fourth quarter. Wedbush Securities Inc. now owns 2,564 shares of the insurance provider's stock valued at $618,000 after acquiring an additional 388 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Travelers Companies by 1.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 694,836 shares of the insurance provider's stock worth $167,379,000 after purchasing an additional 10,963 shares during the period. Finally, KCM Investment Advisors LLC increased its holdings in shares of Travelers Companies by 16.9% during the 4th quarter. KCM Investment Advisors LLC now owns 21,367 shares of the insurance provider's stock valued at $5,147,000 after purchasing an additional 3,095 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Travelers Companies from $286.00 to $274.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $263.37.

Travelers Companies Stock Up 0.1 %

NYSE TRV traded up $0.36 on Tuesday, hitting $251.20. 207,338 shares of the stock were exchanged, compared to its average volume of 1,299,344. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a 50-day moving average price of $251.67 and a 200-day moving average price of $249.04. The company has a market cap of $56.95 billion, a PE ratio of 11.70, a PEG ratio of 4.65 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.01 earnings per share. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.67%. Travelers Companies's dividend payout ratio is currently 19.56%.

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.