The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Raymond James Trust N.A.

Raymond James Trust N.A. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.0% in the third quarter, Holdings Channel.com reports. The fund owned 16,857 shares of the insurance provider’s stock after acquiring an additional 497 shares during the period. Raymond James Trust N.A.’s holdings in Travelers Companies were worth $3,947,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC lifted its position in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth $50,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Bank of America upped their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Barclays boosted their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $251.15.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,409 shares of company stock valued at $19,305,504. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $262.47 on Friday. The firm has a market cap of $59.59 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The company’s fifty day moving average is $246.83 and its 200-day moving average is $225.94. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $175.88 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 18.68 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

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.