Aberdeen Asset Management PLC UK increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321,837 shares of the insurance provider’s stock after acquiring an additional 34,920 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.12% of The Travelers Companies worth $40,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. CWM LLC boosted its stake in The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 37 shares in the last quarter. Westside Investment Management Inc. boosted its stake in The Travelers Companies by 361.1% during the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 686 shares in the last quarter. First Personal Financial Services boosted its stake in The Travelers Companies by 133.3% during the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after acquiring an additional 508 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in The Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 10 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 35 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors and hedge funds.

TRV has been the topic of several research analyst reports. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a research note on Monday, July 3rd. Citigroup Inc. reissued a “buy” rating and set a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a research note on Monday, August 21st. Finally, ValuEngine raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.18.

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In other news, Vice Chairman William H. Heyman sold 24,000 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $127.49, for a total transaction of $703,489.82. Following the sale, the insider now directly owns 82,824 shares of the company’s stock, valued at approximately $10,559,231.76. The disclosure for this sale can be found here. Insiders have sold a total of 144,877 shares of company stock valued at $18,539,282 in the last ninety days. Insiders own 0.82% of the company’s stock.

Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 122.04 on Friday. The stock has a market cap of $33.68 billion, a P/E ratio of 12.15 and a beta of 1.21. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.37. The company’s 50-day moving average is $124.75 and its 200-day moving average is $123.78.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The company 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 revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post $7.67 earnings per share for the current year.

The Travelers Companies announced that its board has approved a stock buyback plan on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s payout ratio is currently 28.77%.

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.

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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