Sequoia Financial Advisors LLC Increases Stake in The Travelers Companies, Inc. $TRV

Sequoia Financial Advisors LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,546 shares of the insurance provider's stock after purchasing an additional 1,369 shares during the period. Sequoia Financial Advisors LLC's holdings in Travelers Companies were worth $3,624,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TRV. Brighton Jones LLC boosted its position in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies in the 4th quarter worth about $276,000. GAMMA Investing LLC increased its stake in shares of Travelers Companies by 18.1% in the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider's stock worth $2,203,000 after acquiring an additional 1,277 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Travelers Companies by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,322 shares of the insurance provider's stock worth $42,927,000 after acquiring an additional 2,932 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Travelers Companies during the 1st quarter valued at about $1,384,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Up 1.9%

Travelers Companies stock opened at $275.59 on Wednesday. The stock has a market cap of $62.04 billion, a P/E ratio of 12.19, a PEG ratio of 3.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The firm's 50 day moving average price is $274.03 and its 200-day moving average price is $266.31.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's dividend payout ratio is presently 19.46%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an "underweight" rating in a report on Thursday, October 9th. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Travelers Companies from $275.00 to $291.00 and gave the company an "equal weight" rating in a report on Wednesday, October 8th. UBS Group raised their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Travelers Companies in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average target price of $290.11.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Company 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.

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