Cambridge Trust Co. Sells 256 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Cambridge Trust Co. cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,689 shares of the insurance provider’s stock after selling 256 shares during the period. Cambridge Trust Co.’s holdings in Travelers Companies were worth $512,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TRV. Norges Bank acquired a new stake in Travelers Companies during the 4th quarter valued at $239,875,000. Barclays PLC increased its stake in shares of Travelers Companies by 215.5% in the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock valued at $159,378,000 after buying an additional 626,837 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares during the last quarter. Morgan Stanley raised its holdings in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after buying an additional 539,294 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after buying an additional 486,098 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Evercore ISI cut their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday. Piper Sandler reissued a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Finally, Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $218.39.

Travelers Companies Trading Down 0.3 %

TRV stock opened at $209.89 on Friday. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. The company has a fifty day moving average price of $221.80 and a two-hundred day moving average price of $196.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the previous year, the firm posted $4.11 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.62 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 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 2.00%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio is presently 29.72%.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the sale, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 in the last ninety days. 1.33% of the stock is currently owned by company 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.