Cambridge Trust Co. Lowers Holdings in 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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of TRV. Grimes & Company Inc. lifted its stake in shares of Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 53 shares during the period. Slow Capital Inc. lifted its position in Travelers Companies by 0.3% in the fourth quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock valued at $3,451,000 after purchasing an additional 53 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Travelers Companies by 1.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after buying an additional 58 shares during the period. Schmidt P J Investment Management Inc. increased its holdings in shares of Travelers Companies by 4.0% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 61 shares in the last quarter. Finally, Farmers Trust Co. lifted its position in shares of Travelers Companies by 4.5% during the 4th quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock valued at $290,000 after acquiring an additional 66 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the subject of several research analyst reports. TD Cowen began coverage on Travelers Companies in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price objective for the company. Royal Bank of Canada cut their price target on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research note on Thursday. Morgan Stanley raised their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $218.39.

Travelers Companies Stock Performance

NYSE TRV opened at $209.89 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The firm has a market capitalization of $48.09 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.08 and a beta of 0.58. The business’s 50-day simple moving average is $221.80 and its 200-day simple moving average is $196.27.

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.00%. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,775 shares of company stock worth $23,343,903. 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.