Cantor Fitzgerald Investment Advisors L.P. Boosts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cantor Fitzgerald Investment Advisors L.P. lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,569 shares of the insurance provider’s stock after acquiring an additional 128 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Travelers Companies were worth $12,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in shares of Travelers Companies by 38.7% during the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after acquiring an additional 95,451 shares during the period. Cetera Investment Advisers increased its holdings in shares of Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 3,050 shares during the period. Manning & Napier Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at approximately $17,303,000. Finally, Cetera Advisors LLC grew its position in Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after acquiring an additional 4,724 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TRV. Barclays upped their price target on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley decreased their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. The Goldman Sachs Group upped their price target on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 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 analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $247.90.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,099,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies 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 transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,099,840. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,479 shares of company stock valued at $15,434,526. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.7 %

NYSE:TRV opened at $252.35 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $161.55 and a 12-month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $236.85 and its 200-day simple moving average is $220.77. The firm has a market cap of $57.79 billion, a P/E ratio of 18.75, a PEG ratio of 1.21 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS 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 company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 31.20%.

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.