Sequoia Financial Advisors LLC Boosts Stock Holdings in The Travelers Companies, Inc. $TRV

Sequoia Financial Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 12.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,397 shares of the insurance provider’s stock after buying an additional 3,782 shares during the period. Sequoia Financial Advisors LLC’s holdings in Travelers Companies were worth $11,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cidel Asset Management Inc. grew its holdings in shares of Travelers Companies by 31.9% in the second quarter. Cidel Asset Management Inc. now owns 2,358 shares of the insurance provider’s stock worth $778,000 after purchasing an additional 570 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Travelers Companies by 6.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,361 shares of the insurance provider’s stock worth $1,110,000 after acquiring an additional 215 shares during the last quarter. NorthRock Partners LLC grew its holdings in Travelers Companies by 3.1% in the 2nd quarter. NorthRock Partners LLC now owns 4,430 shares of the insurance provider’s stock worth $1,462,000 after acquiring an additional 133 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Travelers Companies by 18.0% in the second quarter. Integrated Wealth Concepts LLC now owns 13,714 shares of the insurance provider’s stock valued at $4,527,000 after acquiring an additional 2,089 shares during the period. Finally, RFG Advisory LLC increased its position in shares of Travelers Companies by 15.4% in the second quarter. RFG Advisory LLC now owns 1,131 shares of the insurance provider’s stock valued at $374,000 after acquiring an additional 151 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRV shares. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Wells Fargo & Company lifted their price objective on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Barclays boosted their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. UBS Group raised their price target on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Trading Up 0.3%

NYSE:TRV opened at $367.82 on Friday. 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 company’s 50-day simple moving average is $366.09 and its 200 day simple moving average is $325.37. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The firm has a market capitalization of $76.72 billion, a P/E ratio of 9.85, a PEG ratio of 2.46 and a beta of 0.44.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company earned $6.51 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insider Transactions at Travelers Companies

In related news, EVP Daniel Yin sold 7,153 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the sale, the executive vice president directly owned 118,742 shares in the company, valued at $43,917,916.12. This trade represents a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,667 shares of company stock worth $21,830,989 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.