Raymond James Financial Services Advisors Inc. Increases Stake in The Travelers Companies, Inc. (TRV)

Raymond James Financial Services Advisors Inc. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,420 shares of the insurance provider’s stock after purchasing an additional 2,607 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in The Travelers Companies were worth $8,873,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in shares of The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of The Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of The Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares in the last quarter. Omnia Family Wealth LLC boosted its stake in shares of The Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in shares of The Travelers Companies by 4.4% in the 2nd quarter. Sandy Spring Bank now owns 1,070 shares of the insurance provider’s stock valued at $136,000 after purchasing an additional 45 shares in the last quarter. 78.14% of the stock is owned by institutional investors.

A number of research firms recently commented on TRV. Wells Fargo & Company set a $125.00 price target on shares of The Travelers Companies and gave the company a “hold” rating in a report on Tuesday, November 14th. MKM Partners reiterated a “neutral” rating and set a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Citigroup Inc. lowered their price target on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a report on Monday, October 2nd. Buckingham Research began coverage on shares of The Travelers Companies in a report on Monday, September 11th. They set a “buy” rating and a $136.00 price target for the company. Finally, B. Riley reiterated a “neutral” rating on shares of The Travelers Companies in a report on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The Travelers Companies has an average rating of “Hold” and an average target price of $128.54.

The Travelers Companies, Inc. (NYSE:TRV) opened at $129.92 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. The Travelers Companies, Inc. has a 1-year low of $110.82 and a 1-year high of $135.71. The company has a market cap of $35,558.57, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.26.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.40 earnings per share. sell-side analysts predict that The Travelers Companies, Inc. will post 7.01 earnings per share for the current fiscal year.

The Travelers Companies announced that its Board of Directors has approved a stock buyback plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.72 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The Travelers Companies’s payout ratio is 33.45%.

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In related news, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the transaction, the executive vice president now directly owns 8,000 shares in the company, valued at approximately $1,063,840. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by company insiders.

The Travelers Companies Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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