1,504 The Travelers Companies, Inc. $TRV Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 17.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,250 shares of the insurance provider’s stock after buying an additional 1,504 shares during the quarter. Moors & Cabot Inc.’s holdings in Travelers Companies were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its position in shares of Travelers Companies by 381.2% in the third quarter. Allworth Financial LP now owns 50,725 shares of the insurance provider’s stock valued at $16,745,000 after purchasing an additional 40,183 shares during the last quarter. SVB Wealth LLC increased its stake in shares of Travelers Companies by 5.3% in the third quarter. SVB Wealth LLC now owns 1,112 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 56 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Travelers Companies by 3.5% in the third quarter. Tortoise Investment Management LLC now owns 1,004 shares of the insurance provider’s stock worth $358,000 after purchasing an additional 34 shares during the period. Werba Rubin Papier Wealth Management increased its stake in shares of Travelers Companies by 3.8% in the third quarter. Werba Rubin Papier Wealth Management now owns 764 shares of the insurance provider’s stock worth $272,000 after purchasing an additional 28 shares during the period. Finally, Terril Brothers Inc. acquired a new position in shares of Travelers Companies during the 3rd quarter worth about $371,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and set a $405.00 target price (up from $383.00) on shares of Travelers Companies in a research note on Monday, October 19th. Truist Financial raised their target price on Travelers Companies from $425.00 to $435.00 and gave the company a “buy” rating in a report on Monday, October 19th. The Goldman Sachs Group downgraded Travelers Companies from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $339.00 to $350.00 in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $352.00 to $379.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. Finally, BMO Capital Markets upped their price target on Travelers Companies from $379.00 to $388.00 and gave the stock a “market perform” rating in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $370.83.

Travelers Companies Stock Performance

Travelers Companies stock traded down $0.50 during mid-day trading on Friday, reaching $402.68. The company had a trading volume of 1,373,492 shares, compared to its average volume of 1,652,948. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a market cap of $82.53 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.79 and a beta of 0.40. The company has a 50 day moving average of $380.88 and a 200-day moving average of $335.82. The Travelers Companies, Inc. has a 52 week low of $268.00 and a 52 week high of $418.00.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. The company had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.14 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 9,016 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $2,463,837.75. This represents a 59.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria Olivo sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total value of $6,105,000.00. Following the completion of the transaction, the executive vice president directly owned 88,642 shares of the company’s stock, valued at approximately $36,077,294. This trade represents a 14.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 195,287 shares of company stock valued at $77,818,050 over the last quarter. Company insiders own 1.39% of the company’s stock.

Travelers Companies Profile

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.