Cypress Asset Management Inc. TX reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 22.1% during the second quarter, Holdings Channel reports. The fund owned 11,620 shares of the insurance provider’s stock after selling 3,300 shares during the period. Cypress Asset Management Inc. TX’s holdings in The Travelers Companies were worth $1,470,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Rosenbaum Jay D. boosted its stake in shares of The Travelers Companies by 16.9% in the second quarter. Rosenbaum Jay D. now owns 5,875 shares of the insurance provider’s stock worth $744,000 after buying an additional 850 shares during the last quarter. Cohen Lawrence B boosted its stake in shares of The Travelers Companies by 0.8% in the second quarter. Cohen Lawrence B now owns 4,575 shares of the insurance provider’s stock worth $579,000 after buying an additional 35 shares during the last quarter. Wagner Bowman Management Corp boosted its stake in shares of The Travelers Companies by 20.0% in the second quarter. Wagner Bowman Management Corp now owns 17,480 shares of the insurance provider’s stock worth $2,211,000 after buying an additional 2,919 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of The Travelers Companies during the second quarter worth about $634,000. Finally, Bridges Investment Counsel Inc. boosted its stake in shares of The Travelers Companies by 85.3% in the second quarter. Bridges Investment Counsel Inc. now owns 4,174 shares of the insurance provider’s stock worth $528,000 after buying an additional 1,922 shares during the last quarter. 78.95% of the stock is owned by institutional investors.

Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down 0.15% on Tuesday, reaching $128.61. The company’s stock had a trading volume of 372,227 shares. The firm’s 50-day moving average price is $126.93 and its 200-day moving average price is $122.59. The stock has a market cap of $35.49 billion, a P/E ratio of 12.81 and a beta of 1.20. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $129.60.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate 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 was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post $8.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.24%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

The Travelers Companies declared that its Board of Directors has authorized a share buyback plan on Thursday, April 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. MKM Partners reissued a “neutral” rating and issued a $130.00 target price (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Citigroup Inc. reissued a “buy” rating and issued a $148.00 target price (down previously from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Morgan Stanley reissued an “underweight” rating and issued a $119.00 target price (up previously from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Finally, Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a research report on Monday, July 3rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $123.79.

In other news, Vice Chairman William H. Heyman sold 7,000 shares of The Travelers Companies stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares in the company, valued at approximately $30,467,949.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 3,300 shares of The Travelers Companies stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,894 shares of company stock valued at $20,759,812. Corporate insiders own 0.82% of the company’s stock.

The Travelers Companies Company Profile

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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