B. Riley Wealth Advisors Inc. Buys Shares of 4,940 The Travelers Companies, Inc. $TRV

B. Riley Wealth Advisors Inc. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,940 shares of the insurance provider’s stock, valued at approximately $1,322,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Valeo Financial Advisors LLC lifted its stake in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after purchasing an additional 3,611,758 shares during the period. Norges Bank purchased a new position in Travelers Companies during the second quarter worth about $815,013,000. JPMorgan Chase & Co. boosted its stake in Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after buying an additional 751,715 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after buying an additional 490,039 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after buying an additional 390,104 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the 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 directly owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 46,295 shares of company stock worth $13,011,918. Insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Morgan Stanley lifted their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. increased their target price 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. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, UBS Group boosted their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $294.25.

Travelers Companies Trading Up 1.9%

Travelers Companies stock opened at $290.63 on Tuesday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $296.85. 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 firm has a market capitalization of $64.83 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.80 and a beta of 0.53. The firm has a 50-day moving average price of $279.40 and a two-hundred day moving average price of $272.18.

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

Travelers Companies Announces Dividend

The business 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 $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s payout ratio is currently 17.30%.

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.