Raymond James Trust N.A. Sells 306 Shares of Travelers Companies Inc (NYSE:TRV)

Raymond James Trust N.A. trimmed its stake in Travelers Companies Inc (NYSE:TRV) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,418 shares of the insurance provider’s stock after selling 306 shares during the period. Raymond James Trust N.A.’s holdings in Travelers Companies were worth $2,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New Potomac Partners LLC grew its holdings in shares of Travelers Companies by 0.6% during the fourth quarter. New Potomac Partners LLC now owns 16,450 shares of the insurance provider’s stock worth $1,970,000 after buying an additional 90 shares in the last quarter. Central Bank & Trust Co. grew its holdings in shares of Travelers Companies by 3.7% during the third quarter. Central Bank & Trust Co. now owns 2,911 shares of the insurance provider’s stock worth $378,000 after buying an additional 105 shares in the last quarter. Strategic Wealth Partners Ltd. grew its holdings in shares of Travelers Companies by 1.1% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 9,565 shares of the insurance provider’s stock worth $1,167,000 after buying an additional 107 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Travelers Companies by 3.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,940 shares of the insurance provider’s stock worth $472,000 after buying an additional 128 shares in the last quarter. Finally, Cohen Lawrence B grew its holdings in shares of Travelers Companies by 1.5% during the fourth quarter. Cohen Lawrence B now owns 9,311 shares of the insurance provider’s stock worth $1,115,000 after buying an additional 135 shares in the last quarter. 80.87% of the stock is currently owned by hedge funds and other institutional investors.

NYSE TRV opened at $128.04 on Thursday. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $143.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.39 and a current ratio of 0.38. The firm has a market cap of $33.71 billion, a PE ratio of 14.32, a PEG ratio of 0.89 and a beta of 1.05.

Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The business had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Travelers Companies Inc will post 11.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 11th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.41%. Travelers Companies’s payout ratio is currently 34.45%.

A number of equities research analysts recently issued reports on the stock. Citigroup downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $149.00 to $134.00 in a report on Friday, October 19th. Credit Suisse Group restated a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Wells Fargo & Co lowered their target price on shares of Travelers Companies from $142.00 to $136.00 and set a “market perform” rating for the company in a report on Friday, October 19th. Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Compass Point started coverage on shares of Travelers Companies in a research report on Tuesday, January 15th. They set a “buy” rating and a $155.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $138.33.

In other news, Vice Chairman William H. Heyman sold 8,323 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the transaction, the insider now directly owns 239,744 shares of the company’s stock, valued at $30,097,461.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

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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.

Further Reading: Fundamental Analysis and Individual Investors

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

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