Private Trust Co. NA boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 17.0% during the second quarter, Holdings Channel reports. The fund owned 2,789 shares of the insurance provider’s stock after buying an additional 406 shares during the period. Private Trust Co. NA’s holdings in The Travelers Companies were worth $352,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Manhattan Co. boosted its position in 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 during the period. Teza Capital Management LLC bought a new position in The Travelers Companies during the first quarter worth approximately $1,637,000. Lincoln National Corp bought a new position in The Travelers Companies during the first quarter worth approximately $275,000. Janney Montgomery Scott LLC boosted its position in 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 during the period. Finally, Great Lakes Advisors LLC boosted its position in 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 during the period. Hedge funds and other institutional investors own 78.95% of the company’s stock.

The Travelers Companies, Inc. (NYSE TRV) traded down 1.16% on Friday, reaching $128.18. 1,535,138 shares of the company’s stock traded hands. The firm has a market cap of $35.37 billion, a PE ratio of 12.76 and a beta of 1.20. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.36. The firm’s 50-day moving average is $127.13 and its 200 day moving average is $123.13.

The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the company posted $2.20 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post $8.92 EPS for the current year.

The Travelers Companies announced that its board has approved a stock repurchase plan on Thursday, April 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is 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. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.25%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

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TRV has been the subject of a number of research reports. Citigroup Inc. increased their target price on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Monday, April 24th. 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 report on Tuesday, June 27th. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Finally, 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 report on Friday, July 7th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The Travelers Companies currently has an average rating of “Hold” and an average price target of $124.01.

In related news, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the sale, the insider now directly owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 24,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total value of $3,039,360.00. Following the sale, the insider now directly owns 253,744 shares in the company, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold 189,503 shares of company stock worth $24,085,032 over the last ninety days. 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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