Foundation Resource Management Inc. held its position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent filing with the SEC. The firm owned 9,647 shares of the insurance provider’s stock at the end of the second quarter. Foundation Resource Management Inc.’s holdings in The Travelers Companies were worth $1,221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in shares of The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares in the last quarter. First Personal Financial Services boosted its position in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after buying an additional 508 shares in the last quarter. Liberty Capital Management Inc. boosted its position in shares of The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock valued at $154,000 after buying an additional 1,000 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its position in shares of The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock valued at $169,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 77.92% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) traded up 0.47% during mid-day trading on Friday, reaching $125.15. 1,373,057 shares of the company’s stock were exchanged. The stock has a market capitalization of $34.97 billion, a PE ratio of 12.31 and a beta of 1.21. The company’s 50 day moving average is $126.44 and its 200 day moving average is $122.05. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $129.60.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post $9.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s payout ratio is 28.77%.

The Travelers Companies announced that its Board of Directors has approved a share buyback plan on Thursday, April 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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TRV has been the topic of several analyst reports. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a research note on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a research note on Monday, May 22nd. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Monday, April 24th. Citigroup Inc. lifted their price target on shares of The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. Finally, BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The Travelers Companies presently has an average rating of “Hold” and an average price target of $123.47.

In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 15,971 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $120.06, for a total transaction of $1,917,478.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the transaction, the insider now directly owns 246,744 shares in the company, valued at $30,467,949.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 190,264 shares of company stock worth $23,233,448. Insiders own 0.82% of the company’s stock.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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

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