Stonebridge Capital Advisors LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 29,176 shares of the insurance provider’s stock after selling 71 shares during the period. Stonebridge Capital Advisors LLC’s holdings in The Travelers Companies were worth $3,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares in the last quarter. FMR LLC increased its position in shares of The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock valued at $2,597,871,000 after buying an additional 633,510 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of The Travelers Companies by 191.6% in the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock valued at $79,640,000 after buying an additional 456,814 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of The Travelers Companies during the first quarter valued at about $52,168,000. 79.01% of the stock is owned by hedge funds and other institutional investors.

The Travelers Companies, Inc. (NYSE:TRV) traded up 0.10% during mid-day trading on Friday, reaching $129.69. The company had a trading volume of 1,952,516 shares. The company’s 50 day moving average is $126.93 and its 200 day moving average is $122.59. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.00. The stock has a market capitalization of $35.79 billion, a price-to-earnings ratio of 12.91 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the firm posted $2.20 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post $8.92 earnings per share for the current year.

The Travelers Companies declared that its board has authorized a stock repurchase program on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is currently 28.77%.

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Several brokerages have issued reports on TRV. MKM Partners restated a “neutral” rating and set a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. BidaskClub cut The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Citigroup Inc. restated a “buy” rating and set a $148.00 price objective (down previously from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a research note on Thursday, May 25th. Finally, Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a research note on Monday, July 3rd. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $123.79.

In other news, Vice Chairman William H. Heyman sold 6,000 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.50, for a total value of $777,000.00. Following the completion of the transaction, the insider now owns 245,744 shares in the company, valued at $31,823,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of The Travelers Companies stock in a transaction that occurred 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 completion of the transaction, the insider now owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. Insiders sold 163,894 shares of company stock valued at $20,759,812 in the last quarter. 0.82% of the stock is currently owned by corporate insiders.

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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