The Travelers Companies, Inc. $TRV Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,397 shares of the insurance provider’s stock after purchasing an additional 3,782 shares during the period. Sequoia Financial Advisors LLC’s holdings in Travelers Companies were worth $11,025,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $723,339,000. State Street Corp grew its holdings in Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the period. AustralianSuper Pty Ltd grew its holdings in Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after acquiring an additional 458,746 shares during the period. Amundi raised its position in Travelers Companies by 36.6% in the first quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock worth $406,155,000 after acquiring an additional 373,061 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Travelers Companies in the third quarter worth $99,680,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.0%

Travelers Companies stock opened at $370.32 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm has a market capitalization of $77.24 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The stock’s fifty day moving average is $344.64 and its two-hundred day moving average is $314.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the company posted $6.51 EPS. The business’s revenue was up .3% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial boosted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research note on Monday, July 13th. Morgan Stanley upped their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Finally, Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.