Hexavest Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 651,698 shares of the insurance provider’s stock after selling 11,482 shares during the period. The Travelers Companies comprises about 1.1% of Hexavest Inc.’s holdings, making the stock its 18th largest position. Hexavest Inc.’s holdings in The Travelers Companies were worth $82,459,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TRV. Vanguard Group Inc. raised its stake in 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 worth $2,597,871,000 after buying an additional 633,510 shares in the last quarter. BlackRock Inc. raised its stake in 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. State Street Corp raised its stake in The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares in the last quarter. FMR LLC raised its stake in 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. Finally, AQR Capital Management LLC raised its stake in The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares in the last quarter. 78.95% of the stock is currently owned by institutional investors.

The Travelers Companies, Inc. (NYSE:TRV) traded down 0.38% during trading on Thursday, reaching $129.66. The company had a trading volume of 600,703 shares. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.18. The company has a market capitalization of $35.78 billion, a PE ratio of 12.91 and a beta of 1.20. The stock has a 50 day moving average price of $127.10 and a 200-day moving average price of $123.01.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share 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 business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company earned $2.20 EPS. The Travelers Companies’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post $8.92 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis 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 presently 28.77%.

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A number of analysts have recently weighed in on TRV shares. Citigroup Inc. upped their price objective on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Argus raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Monday, April 24th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a research report on Tuesday, June 27th. Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $119.00 price objective (up previously from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. 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 company presently has a consensus rating of “Hold” and an average price target of $123.79.

In related news, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the sale, the insider now owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total transaction of $424,050.00. Following the sale, the executive vice president now directly 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 ninety days, insiders have sold 169,412 shares of company stock valued at $21,473,565. 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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