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

Raymond James Trust N.A. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,857 shares of the insurance provider’s stock after buying an additional 497 shares during the quarter. Raymond James Trust N.A.’s holdings in Travelers Companies were worth $3,947,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC raised its position in Travelers Companies by 19.7% in the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after purchasing an additional 226 shares during the period. Edgestream Partners L.P. purchased a new position in Travelers Companies in the 1st quarter worth approximately $235,000. 1832 Asset Management L.P. grew its position in Travelers Companies by 12.1% in the first quarter. 1832 Asset Management L.P. now owns 12,110 shares of the insurance provider’s stock valued at $2,787,000 after acquiring an additional 1,309 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Travelers Companies during the first quarter valued at approximately $3,045,000. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Travelers Companies by 16,666.7% during the first quarter. Beaird Harris Wealth Management LLC now owns 503 shares of the insurance provider’s stock worth $116,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TRV shares. Jefferies Financial Group lifted their price target 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. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Barclays raised their price objective on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Finally, UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $251.15.

Travelers Companies Stock Up 0.6 %

Shares of Travelers Companies stock opened at $262.47 on Friday. The Travelers Companies, Inc. has a twelve month low of $175.88 and a twelve month high of $269.55. The stock has a market capitalization of $59.59 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.25 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $246.83 and its 200-day simple moving average is $225.94.

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

Travelers Companies Announces Dividend

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

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,409 shares of company stock worth $19,305,504. 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.