The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,413 shares of the insurance provider's stock after purchasing an additional 8,368 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in Travelers Companies were worth $23,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. Norges Bank acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $282,593,000. Clearbridge Investments LLC increased its position in shares of Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider's stock worth $747,267,000 after purchasing an additional 623,974 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider's stock valued at $83,731,000 after acquiring an additional 486,098 shares in the last quarter. International Assets Investment Management LLC grew its position in Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider's stock valued at $90,641,000 after acquiring an additional 473,453 shares in the last quarter. Finally, Boston Partners grew its position in Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider's stock valued at $227,175,000 after acquiring an additional 355,489 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $1.26 during trading hours on Thursday, hitting $214.41. 1,001,436 shares of the company were exchanged, compared to its average volume of 1,484,131. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $220.96 and a 200-day moving average of $199.82. The stock has a market capitalization of $49.10 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.10 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.62 billion. During the same quarter last year, the company earned $4.11 EPS. Travelers Companies's revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, analysts expect that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, June 7th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's dividend payout ratio is currently 29.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $194.00 to $213.00 and gave the company an "underweight" rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods dropped their target price on Travelers Companies from $241.00 to $231.00 and set a "market perform" rating for the company in a research report on Thursday, April 18th. Roth Mkm reaffirmed a "buy" rating and issued a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Citigroup lifted their target price on Travelers Companies from $215.00 to $226.00 and gave the company a "neutral" rating in a research report on Tuesday, April 16th. Finally, TD Cowen dropped their target price on Travelers Companies from $261.00 to $252.00 and set a "buy" rating for the company in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $223.47.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was 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 available at this hyperlink. In related news, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was 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 available at this hyperlink. Also, Vice Chairman William H. Heyman sold 4,500 shares of the company's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Insiders have sold 71,316 shares of company stock valued at $15,204,231 over the last quarter. Company insiders own 1.33% of the company's stock.

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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