Cambridge Investment Research Advisors Inc. Acquires 1,867 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Cambridge Investment Research Advisors Inc. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,156 shares of the insurance provider’s stock after buying an additional 1,867 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Travelers Companies were worth $5,319,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Northwest Financial Advisors purchased a new position in Travelers Companies during the fourth quarter valued at approximately $32,000. Opal Wealth Advisors LLC bought a new position in shares of Travelers Companies in the first quarter worth approximately $42,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Travelers Companies in the first quarter worth $45,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

NYSE:TRV opened at $224.40 on Thursday. The firm has a market capitalization of $51.39 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50 day simple moving average of $211.45 and a 200-day simple moving average of $215.63. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 17.23 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.87%. Travelers Companies’s payout ratio is 31.20%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. Morgan Stanley lowered their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Piper Sandler lowered their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Bank of America upped their price target on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $223.78.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.33% of the stock is currently owned by corporate insiders.

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.