US Bancorp DE decreased its position in shares of The Travelers Cos. (NYSE:TRV) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 896,423 shares of the company’s stock after selling 14,313 shares during the period. US Bancorp DE’s holdings in The Travelers Cos. were worth $102,686,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Daiwa SB Investments Ltd. boosted its position in shares of The Travelers Cos. by 8.2% in the second quarter. Daiwa SB Investments Ltd. now owns 1,720 shares of the company’s stock valued at $201,000 after buying an additional 130 shares during the period. British Columbia Investment Management Corp boosted its position in shares of The Travelers Cos. by 3.8% in the second quarter. British Columbia Investment Management Corp now owns 199,039 shares of the company’s stock valued at $23,694,000 after buying an additional 7,305 shares during the period. NEXT Financial Group Inc boosted its position in shares of The Travelers Cos. by 6.2% in the second quarter. NEXT Financial Group Inc now owns 2,653 shares of the company’s stock valued at $315,000 after buying an additional 154 shares during the period. Moreno Evelyn V boosted its position in shares of The Travelers Cos. by 0.3% in the second quarter. Moreno Evelyn V now owns 42,790 shares of the company’s stock valued at $5,093,000 after buying an additional 120 shares during the period. Finally, Park National Corp OH boosted its position in shares of The Travelers Cos. by 423.2% in the second quarter. Park National Corp OH now owns 50,403 shares of the company’s stock valued at $6,000,000 after buying an additional 40,769 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for The Travelers Cos. (NYSE:TRV)

The Travelers Cos. (NYSE:TRV) opened at 113.81 on Tuesday. The stock has a market cap of $32.33 billion, a price-to-earnings ratio of 11.54 and a beta of 1.03. The company has a 50-day moving average price of $110.74 and a 200-day moving average price of $114.37. The Travelers Cos. has a 52 week low of $101.23 and a 52 week high of $119.32.

The Travelers Cos. (NYSE:TRV) last posted its earnings results on Thursday, October 20th. The company reported $2.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The firm earned $6.96 billion during the quarter, compared to the consensus estimate of $6.37 billion. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. Equities research analysts anticipate that The Travelers Cos. will post $9.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $2.68 annualized dividend and a dividend yield of 2.36%. The Travelers Cos.’s dividend payout ratio (DPR) is 27.29%.

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A number of research firms have weighed in on TRV. Credit Suisse Group AG set a $111.00 target price on The Travelers Cos. and gave the stock a “hold” rating in a report on Monday, September 12th. William Blair lowered The Travelers Cos. from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Citigroup Inc. upped their target price on The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, Barclays PLC restated an “equal weight” rating and set a $109.00 target price (up previously from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The Travelers Cos. presently has an average rating of “Hold” and an average price target of $117.64.

In other The Travelers Cos. news, Vice Chairman William H. Heyman sold 1,000 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $113.75, for a total value of $113,750.00. Following the completion of the transaction, the insider now owns 229,254 shares in the company, valued at $26,077,642.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 4,246 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total transaction of $505,189.08. Following the completion of the transaction, the insider now owns 231,500 shares of the company’s stock, valued at approximately $27,543,870. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.

About The Travelers Cos.

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

5 Day Chart for NYSE:TRV

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