Cornerstone Advisors Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,709 shares of the insurance provider’s stock after buying an additional 52 shares during the period. Cornerstone Advisors Inc.’s holdings in The Travelers Companies were worth $216,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TRV. CWM LLC raised its stake in shares of The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after buying an additional 37 shares during the period. 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 worth $106,000 after buying an additional 686 shares during the period. 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 worth $107,000 after buying an additional 508 shares during the period. Liberty Capital Management Inc. raised its stake in shares of The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after buying an additional 1,000 shares during the period. Finally, 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 worth $169,000 after buying an additional 323 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 1.16% during mid-day trading on Friday, reaching $128.18. The company’s stock had a trading volume of 1,535,138 shares. The company has a 50-day moving average price of $127.13 and a 200-day moving average price of $123.13. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.36. 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 (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.07 by $0.15. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The Travelers Companies’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post $8.92 earnings per share for the current year.

The company 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 dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.25%. The Travelers Companies’s payout ratio is 28.77%.

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

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A number of brokerages recently commented on TRV. Citigroup Inc. lifted their price target on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. BidaskClub lowered The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Finally, Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a report on Tuesday, June 27th. 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $124.01.

In other news, EVP John P. Clifford, Jr. sold 3,525 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.85, for a total transaction of $457,721.25. Following the transaction, the executive vice president now directly owns 9,658 shares of the company’s stock, valued at approximately $1,254,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $1,285,000. The disclosure for this sale can be found here. Insiders have sold a total of 189,503 shares of company stock worth $24,085,032 over the last three months. 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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