Carlson Capital Management cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.8% during the second quarter, Holdings Channel reports. The fund owned 3,664 shares of the insurance provider’s stock after selling 490 shares during the period. Carlson Capital Management’s holdings in The Travelers Companies were worth $464,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TRV. Westside Investment Management Inc. raised its stake in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares during the last quarter. First Personal Financial Services raised its stake in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after buying an additional 508 shares during the last quarter. Bartlett & Co. LLC raised its stake in shares of The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock valued at $169,000 after buying an additional 323 shares during the last quarter. Balentine LLC raised its stake in shares of The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock valued at $169,000 after buying an additional 27 shares during the last quarter. Finally, Community Bank N.A. raised its stake in shares of The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock valued at $172,000 after buying an additional 400 shares during the last quarter. Institutional investors own 78.95% of the company’s stock.

The Travelers Companies, Inc. (TRV) traded down 1.16% during trading on Friday, reaching $128.18. 1,535,138 shares of the company were exchanged. The firm has a 50-day moving average of $127.13 and a 200-day moving average of $123.13. The firm has a market cap of $35.37 billion, a price-to-earnings ratio of 12.76 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 issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the company posted $2.20 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post $8.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

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

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A number of research analysts recently commented on TRV shares. MKM Partners reiterated a “neutral” rating and set a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a research note on Thursday, May 25th. Barclays PLC raised their price objective 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. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.01.

In other news, EVP John P. Clifford, Jr. sold 3,525 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.85, for a total value of $457,721.25. Following the completion of the transaction, the executive vice president now owns 9,658 shares in the company, valued at $1,254,091.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total transaction of $424,050.00. Following the completion of the transaction, 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. Insiders sold 189,503 shares of company stock valued at $24,085,032 in the last quarter. Corporate insiders own 0.82% of the company’s stock.

About The Travelers Companies

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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