J.W. Cole Advisors Inc. Has $2.98 Million Stock Position in The Travelers Companies, Inc. $TRV

J.W. Cole Advisors Inc. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 94.3% during the 2nd quarter, Holdings Channel reports. The firm owned 11,139 shares of the insurance provider’s stock after acquiring an additional 5,405 shares during the period. J.W. Cole Advisors Inc.’s holdings in Travelers Companies were worth $2,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Valeo Financial Advisors LLC boosted its holdings in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $294,755,000. JPMorgan Chase & Co. raised its position in shares of Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after acquiring an additional 751,715 shares during the period. Bahl & Gaynor Inc. boosted its stake in Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after acquiring an additional 490,039 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after purchasing an additional 390,104 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at approximately $73,337,225. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,375 shares of company stock valued at $10,374,006 in the last ninety days. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

TRV opened at $294.44 on Thursday. The company has a market capitalization of $65.68 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.38 and a beta of 0.55. The business’s 50-day moving average price is $277.51 and its two-hundred day moving average price is $270.87. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $296.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. The company had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.24 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio is 17.30%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TRV shares. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Wolfe Research started coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Barclays set a $313.00 price objective on Travelers Companies in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $292.73.

About Travelers Companies

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.