Sequoia Financial Advisors LLC Buys 3,782 Shares of The Travelers Companies, Inc. $TRV

Sequoia Financial Advisors LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,397 shares of the insurance provider’s stock after buying an additional 3,782 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Travelers Companies were worth $11,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Travelers Companies during the first quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new stake in Travelers Companies during the 2nd quarter worth approximately $26,000. Kilter Group LLC purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies in the 4th quarter worth approximately $26,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maria Olivo sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total value of $2,219,160.00. Following the completion of the sale, the executive vice president owned 118,742 shares of the company’s stock, valued at $43,917,916.12. The trade was a 4.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. HSBC lifted their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings cut Travelers Companies from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given 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 Stock Performance

NYSE TRV opened at $367.82 on Friday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $76.72 billion, a P/E ratio of 9.85, a P/E/G ratio of 2.46 and a beta of 0.44. The company has a fifty day moving average of $366.09 and a 200-day moving average of $325.37.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the prior year, the firm earned $6.51 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

About Travelers Companies

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.