The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,796 shares of the insurance provider’s stock after selling 2,773 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Travelers Companies were worth $11,995,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ledyard National Bank lifted its position in Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares during the period. Trueblood Wealth Management LLC raised its stake in shares of Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 42 shares during the period. Salem Investment Counselors Inc. increased its stake in Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Finally, Willner & Heller LLC increased its stake in Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TRV has been the topic of several analyst reports. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets lifted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $260.47.

Travelers Companies Trading Down 1.0 %

Shares of TRV opened at $245.13 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a market capitalization of $55.65 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The stock has a fifty day moving average of $245.24 and a two-hundred day moving average of $239.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $7.01 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, March 10th. 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.