The Travelers Companies, Inc. (TRV) Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,392 shares of the insurance provider’s stock after buying an additional 8,502 shares during the period. Janney Montgomery Scott LLC owned approximately 0.07% of The Travelers Companies worth $23,205,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC raised its position in shares of The Travelers Companies by 12,553.0% in the second quarter. Harbour Capital Advisors LLC now owns 213,203 shares of the insurance provider’s stock valued at $1,685,000 after buying an additional 211,518 shares in the last quarter. First Merchants Corp raised its position in shares of The Travelers Companies by 4.0% in the second quarter. First Merchants Corp now owns 24,843 shares of the insurance provider’s stock valued at $3,143,000 after buying an additional 966 shares in the last quarter. IBM Retirement Fund raised its position in shares of The Travelers Companies by 109.5% in the second quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock valued at $963,000 after buying an additional 3,561 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of The Travelers Companies by 111.1% in the second quarter. Sumitomo Life Insurance Co. now owns 17,605 shares of the insurance provider’s stock valued at $2,228,000 after buying an additional 9,266 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of The Travelers Companies by 3.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,179 shares of the insurance provider’s stock valued at $782,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 127.45 on Tuesday. The firm has a 50 day moving average of $127.33 and a 200-day moving average of $123.68. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37. The stock has a market capitalization of $35.17 billion, a P/E ratio of 12.69 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the firm posted $2.20 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post $8.90 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.26%. The Travelers Companies’s payout ratio is currently 28.77%.

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Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a report on Monday. Barclays PLC upped their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. BidaskClub lowered shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. MKM Partners restated a “neutral” rating and issued a $130.00 price objective (up from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Finally, Citigroup Inc. restated a “buy” rating and issued a $148.00 price objective (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.65.

In other news, Vice Chairman Jay S. Benet sold 16,566 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the transaction, the insider now directly owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth Franklin Spence III sold 4,800 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $128.73, for a total transaction of $617,904.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 194,303 shares of company stock worth $24,702,936. Corporate insiders own 0.82% of the company’s stock.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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

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