Financial Advocates Investment Management Has $209,000 Position in The Travelers Companies, Inc. $TRV

Financial Advocates Investment Management cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 26.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the insurance provider’s stock after selling 286 shares during the quarter. Financial Advocates Investment Management’s holdings in Travelers Companies were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TRV. Southeast Asset Advisors LLC bought a new position in Travelers Companies in the 2nd quarter valued at about $455,000. Laurel Wealth Advisors LLC grew its position in shares of Travelers Companies by 26,654.3% in the second quarter. Laurel Wealth Advisors LLC now owns 36,921 shares of the insurance provider’s stock valued at $9,878,000 after purchasing an additional 36,783 shares during the last quarter. RiverFront Investment Group LLC increased its stake in shares of Travelers Companies by 84.7% during the second quarter. RiverFront Investment Group LLC now owns 2,662 shares of the insurance provider’s stock worth $712,000 after purchasing an additional 1,221 shares during the period. NDVR Inc. lifted its holdings in Travelers Companies by 5.1% during the 2nd quarter. NDVR Inc. now owns 1,308 shares of the insurance provider’s stock worth $350,000 after purchasing an additional 64 shares during the last quarter. Finally, Quadcap Wealth Management LLC boosted its stake in Travelers Companies by 29.4% in the 2nd quarter. Quadcap Wealth Management LLC now owns 7,379 shares of the insurance provider’s stock valued at $1,974,000 after purchasing an additional 1,676 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TRV. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. Citigroup initiated coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. Finally, Wolfe Research initiated coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $292.73.

Travelers Companies Price Performance

TRV stock opened at $295.08 on Friday. The company’s 50-day moving average price is $278.20 and its two-hundred day moving average price is $271.23. The firm has a market cap of $65.82 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $296.85.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,375 shares of company stock valued at $10,374,006. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Company 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.