Moors & Cabot Inc. Purchases 494 Shares of The Travelers Companies, Inc. $TRV

Moors & Cabot Inc. increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,585 shares of the insurance provider’s stock after buying an additional 494 shares during the quarter. Moors & Cabot Inc.’s holdings in Travelers Companies were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies during the 1st quarter valued at $26,000. Missouri Trust & Investment Co raised its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Quaker Wealth Management LLC raised its stake in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new position in Travelers Companies during the 1st quarter valued at $32,000. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TRV shares. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Morgan Stanley upped their target price on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Stock Down 0.2%

Shares of NYSE:TRV opened at $276.66 on Thursday. The firm has a market cap of $61.71 billion, a P/E ratio of 10.88, a P/E/G ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95. The company’s 50-day moving average price is $273.96 and its two-hundred day moving average price is $268.48.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.24 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

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.