Janney Montgomery Scott LLC Sells 2,237 Shares of The Travelers Companies, Inc. $TRV

Janney Montgomery Scott LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,547 shares of the insurance provider’s stock after selling 2,237 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.09% of Travelers Companies worth $53,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $26,000. Missouri Trust & Investment Co increased its stake in shares of Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Flaharty Asset Management LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. bought a new stake in Travelers Companies in the 2nd quarter valued at $32,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $279.12 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $62.84 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The stock’s 50-day simple moving average is $270.51 and its 200 day simple moving average is $265.10.

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

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

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

Analyst Ratings Changes

A number of research firms have recently weighed in on TRV. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Wells Fargo & Company raised their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, UBS Group boosted their price target on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $284.56.

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.