Farmers Trust Co. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,550 shares of the insurance provider’s stock after selling 362 shares during the period. Farmers Trust Co.’s holdings in The Travelers Companies were worth $829,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Capital One National Association raised its stake in shares of The Travelers Companies by 5.3% in the second quarter. Capital One National Association now owns 71,342 shares of the insurance provider’s stock worth $9,027,000 after buying an additional 3,602 shares during the period. Burns J W & Co. Inc. NY raised its stake in shares of The Travelers Companies by 2.4% in the second quarter. Burns J W & Co. Inc. NY now owns 3,417 shares of the insurance provider’s stock worth $432,000 after buying an additional 80 shares during the period. Bremer Trust National Association raised its stake in shares of The Travelers Companies by 1.5% in the second quarter. Bremer Trust National Association now owns 4,741 shares of the insurance provider’s stock worth $600,000 after buying an additional 72 shares during the period. McQueen Ball & Associates Inc. raised its stake in shares of The Travelers Companies by 0.6% in the second quarter. McQueen Ball & Associates Inc. now owns 18,060 shares of the insurance provider’s stock worth $2,285,000 after buying an additional 112 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of The Travelers Companies by 14.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 86,054 shares of the insurance provider’s stock worth $10,373,000 after buying an additional 11,098 shares during the period. Institutional investors and hedge funds own 78.95% of the company’s stock.

The Travelers Companies, Inc. (NYSE:TRV) traded down 0.76% on Friday, reaching $128.70. 623,391 shares of the company’s stock traded hands. The firm’s 50-day moving average is $127.13 and its 200 day moving average is $123.06. The stock has a market capitalization of $35.51 billion, a PE ratio of 12.82 and a beta of 1.20. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.36.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 2.22%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies announced that its board has authorized a stock repurchase plan on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign 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. Barclays PLC upped their target price on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday. BidaskClub downgraded shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. MKM Partners reaffirmed a “neutral” rating and set a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Citigroup Inc. reaffirmed a “buy” rating and set a $148.00 price objective (down previously from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. 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 assigned a hold rating and six have assigned a buy rating to the company. The Travelers Companies has a consensus rating of “Hold” and an average price target of $124.01.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 7,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.48, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas K. Russell sold 9,686 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.00, for a total transaction of $1,191,378.00. Following the completion of the sale, the senior vice president now owns 29,267 shares of the company’s stock, valued at approximately $3,599,841. The disclosure for this sale can be found here. Insiders have sold a total of 185,978 shares of company stock valued at $23,627,310 over the last three months. 0.82% of the stock is currently owned by insiders.

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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