J.W. Cole Advisors Inc. Has $1.92 Million Stock Position in The Travelers Companies, Inc. $TRV

J.W. Cole Advisors Inc. reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 39.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,602 shares of the insurance provider’s stock after selling 4,318 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Travelers Companies were worth $1,915,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRV. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter worth $723,339,000. AustralianSuper Pty Ltd increased its position in shares of 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 buying an additional 458,746 shares during the period. Woodline Partners LP acquired a new stake in shares of Travelers Companies during the third quarter worth $99,680,000. AQR Capital Management LLC increased its position in shares of Travelers Companies by 22.8% during the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after buying an additional 331,170 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Travelers Companies by 258.5% during the second quarter. Adage Capital Partners GP L.L.C. now owns 372,513 shares of the insurance provider’s stock worth $99,662,000 after buying an additional 268,600 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRV. Brean Capital began coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Bank of America decreased their price objective on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Barclays raised their price target on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $311.47.

Travelers Companies Trading Down 0.0%

NYSE:TRV opened at $303.13 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $64.46 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 2.73 and a beta of 0.48. The firm has a fifty day simple moving average of $299.04 and a two-hundred day simple moving average of $294.07. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $1.91 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 14.88%.

About Travelers Companies

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.