Janney Montgomery Scott LLC Buys 4,380 Shares of Travelers Companies Inc (TRV)

Janney Montgomery Scott LLC raised its stake in shares of Travelers Companies Inc (NYSE:TRV) by 2.6% in the third quarter, Holdings Channel reports. The institutional investor owned 171,447 shares of the insurance provider’s stock after acquiring an additional 4,380 shares during the period. Janney Montgomery Scott LLC’s holdings in Travelers Companies were worth $22,239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Travelers Companies by 3.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,564,973 shares of the insurance provider’s stock valued at $202,992,000 after purchasing an additional 47,020 shares in the last quarter. Marathon Asset Management LLP increased its stake in shares of Travelers Companies by 6.5% in the 3rd quarter. Marathon Asset Management LLP now owns 1,375,588 shares of the insurance provider’s stock valued at $178,423,000 after purchasing an additional 83,392 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Travelers Companies by 6.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,245,413 shares of the insurance provider’s stock valued at $152,364,000 after purchasing an additional 71,500 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Travelers Companies by 3,351.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,153,158 shares of the insurance provider’s stock valued at $149,576,000 after purchasing an additional 1,119,743 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Travelers Companies by 0.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,112,712 shares of the insurance provider’s stock valued at $136,129,000 after purchasing an additional 4,546 shares in the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.

Shares of NYSE:TRV opened at $130.28 on Thursday. Travelers Companies Inc has a 52 week low of $119.67 and a 52 week high of $150.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $34.06 billion, a P/E ratio of 17.90, a PEG ratio of 1.02 and a beta of 1.19.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.28. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period last year, the company posted $0.91 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be issued a $0.77 dividend. The ex-dividend date is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.36%. Travelers Companies’s dividend payout ratio (DPR) is presently 42.31%.

In related news, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction on Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the sale, the executive vice president now owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the sale, the insider now directly owns 94,176 shares in the company, valued at approximately $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

TRV has been the topic of a number of recent analyst reports. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a report on Thursday, August 30th. B. Riley upped their price objective on Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Citigroup upped their price objective on Travelers Companies from $144.00 to $149.00 and gave the company a “buy” rating in a report on Monday, July 30th. Finally, ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $136.36.

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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