MML Investors Services LLC Has $4.82 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

MML Investors Services LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,565 shares of the insurance provider’s stock after acquiring an additional 237 shares during the quarter. MML Investors Services LLC’s holdings in Travelers Companies were worth $4,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in Travelers Companies in the 2nd quarter worth approximately $9,798,000. Orion Portfolio Solutions LLC raised its position in shares of Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after acquiring an additional 4,665 shares during the last quarter. Kintegral Advisory LLC lifted its stake in shares of Travelers Companies by 14.3% during the second quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider’s stock valued at $2,479,000 after acquiring an additional 1,528 shares during the period. LPL Financial LLC boosted its holdings in Travelers Companies by 7.4% in the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock valued at $36,099,000 after acquiring an additional 12,190 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Travelers Companies by 5.4% in the second quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider’s stock worth $53,747,000 after purchasing an additional 13,639 shares during the period. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRV has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Bank of America raised their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $251.70.

Insider Activity

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Up 1.0 %

TRV stock opened at $246.30 on Friday. The company has a market cap of $55.92 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.16 and a beta of 0.63. The Travelers Companies, Inc. has a twelve month low of $181.03 and a twelve month high of $269.55. The business has a 50 day moving average price of $253.03 and a two-hundred day moving average price of $230.26. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating 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 business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the business earned $1.95 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Travelers Companies 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.