Stock Yards Bank & Trust Co. continued to hold its position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel reports. The institutional investor owned 4,370 shares of the insurance provider’s stock at the end of the second quarter. Stock Yards Bank & Trust Co.’s holdings in The Travelers Companies were worth $553,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. First Manhattan Co. boosted its position in shares of The Travelers Companies by 3.9% in the first quarter. First Manhattan Co. now owns 190,036 shares of the insurance provider’s stock worth $21,768,000 after buying an additional 7,216 shares in the last quarter. Teza Capital Management LLC purchased a new position in shares of The Travelers Companies during the first quarter worth about $1,637,000. Lincoln National Corp purchased a new position in shares of The Travelers Companies during the first quarter worth about $275,000. Janney Montgomery Scott LLC boosted its position in shares of The Travelers Companies by 5.4% in the first quarter. Janney Montgomery Scott LLC now owns 174,890 shares of the insurance provider’s stock worth $21,081,000 after buying an additional 8,909 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of The Travelers Companies by 50.7% in the first quarter. Great Lakes Advisors LLC now owns 109,810 shares of the insurance provider’s stock worth $13,236,000 after buying an additional 36,923 shares in the last quarter. Institutional investors own 78.95% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) traded down 0.38% during midday trading on Thursday, hitting $129.66. The stock had a trading volume of 600,703 shares. The stock has a market cap of $35.78 billion, a PE ratio of 12.91 and a beta of 1.20. The stock’s 50-day moving average is $127.10 and its 200-day moving average is $123.01. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.18.

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

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

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 paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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A number of equities analysts recently issued reports on TRV shares. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Monday, April 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a report on Monday, May 22nd. Citigroup Inc. reiterated a “buy” rating and issued a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Morgan Stanley reiterated an “underweight” rating and issued a $119.00 target price (up from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $123.79.

In other news, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at $1,285,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.35, for a total value of $713,753.30. Following the completion of the transaction, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,713,284.40. The disclosure for this sale can be found here. Insiders sold 169,412 shares of company stock valued at $21,473,565 in the last 90 days. Company 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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