Cahill Financial Advisors Inc. Decreases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Cahill Financial Advisors Inc. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 908 shares of the insurance provider’s stock after selling 92 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Travelers Companies were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Quent Capital LLC raised its position in shares of Travelers Companies by 19.7% in the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after purchasing an additional 226 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Travelers Companies in the 1st quarter worth about $959,000. B. Riley Wealth Advisors Inc. boosted its holdings in Travelers Companies by 265.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,695 shares of the insurance provider’s stock worth $2,231,000 after purchasing an additional 7,043 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Travelers Companies by 0.4% in the 1st quarter. California State Teachers Retirement System now owns 372,074 shares of the insurance provider’s stock worth $85,629,000 after buying an additional 1,507 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Travelers Companies by 4.9% during the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock worth $900,000 after acquiring an additional 184 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $262.47 on Monday. The firm’s 50 day simple moving average is $246.83 and its two-hundred day simple moving average is $226.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $59.59 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $175.88 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 EPS. Research analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRV. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $251.15.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 74,409 shares of company stock valued at $19,305,504. Insiders own 1.33% of the company’s stock.

Travelers Companies Profile

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.