The Travelers Companies, Inc. $TRV Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 87.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,327 shares of the insurance provider’s stock after purchasing an additional 11,781 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Travelers Companies were worth $7,072,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Associated Banc Corp raised its position in shares of Travelers Companies by 1.4% in the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after buying an additional 39 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Travelers Companies by 1.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock worth $1,143,000 after acquiring an additional 40 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 41 shares during the period. Park Place Capital Corp lifted its stake in shares of Travelers Companies by 33.1% in the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 41 shares in the last quarter. Finally, Nilsine Partners LLC grew its holdings in shares of Travelers Companies by 0.4% during the 3rd quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock worth $2,719,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TRV. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 12th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. UBS Group lifted their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Finally, Morgan Stanley raised their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $299.69.

Travelers Companies Price Performance

TRV opened at $269.03 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $296.85. The firm has a market cap of $60.01 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.57 and a beta of 0.52. 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 company has a fifty day simple moving average of $286.15 and a 200 day simple moving average of $275.47.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies 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 sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% 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 this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,295 shares of company stock valued at $13,011,918 over the last ninety days. Insiders own 1.46% of the company’s stock.

Travelers Companies Profile

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.