Argent Capital Management LLC maintained its position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,701 shares of the insurance provider’s stock at the close of the second quarter. Argent Capital Management LLC’s holdings in The Travelers Companies were worth $468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in shares of The Travelers Companies by 5.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 137,846 shares of the insurance provider’s stock worth $17,537,000 after buying an additional 7,042 shares during the last quarter. Palisade Asset Management LLC raised its holdings in shares of The Travelers Companies by 2.2% in the second quarter. Palisade Asset Management LLC now owns 18,569 shares of the insurance provider’s stock worth $2,350,000 after buying an additional 400 shares during the last quarter. IBM Retirement Fund raised its holdings in shares of The Travelers Companies by 109.5% in the second quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock worth $963,000 after buying an additional 3,561 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of The Travelers Companies by 4.5% in the second quarter. Wetherby Asset Management Inc. now owns 6,793 shares of the insurance provider’s stock worth $860,000 after buying an additional 291 shares during the last quarter. Finally, BB&T Securities LLC raised its holdings in shares of The Travelers Companies by 5.1% in the second quarter. BB&T Securities LLC now owns 160,552 shares of the insurance provider’s stock worth $20,315,000 after buying an additional 7,721 shares during the last quarter. 77.48% of the stock is owned by institutional investors and hedge funds.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of the firm’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 transaction, the insider now directly owns 253,744 shares in the company, valued at approximately $32,134,140.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $125.66, for a total transaction of $693,391.88. Following the transaction, the insider now owns 82,824 shares of the company’s stock, valued at $10,407,663.84. The disclosure for this sale can be found here. Insiders sold a total of 128,323 shares of company stock valued at $16,436,703 in the last quarter. Insiders own 0.82% of the company’s stock.

Shares of The Travelers Companies, Inc. (NYSE:TRV) traded up 0.06% during mid-day trading on Thursday, hitting $125.68. 123,410 shares of the stock traded hands. The firm has a market cap of $34.68 billion, a price-to-earnings ratio of 12.52 and a beta of 1.20. The firm’s 50 day moving average price is $122.30 and its 200 day moving average price is $123.92. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.37.

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 Zacks’ consensus estimate of $2.07 by ($0.15). The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post $7.37 EPS for the current fiscal year.

The Travelers Companies declared that its board has authorized a stock buyback plan on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a $0.72 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.29%. The Travelers Companies’s dividend payout ratio is presently 28.77%.

A number of research analysts have issued reports on TRV shares. MKM Partners reaffirmed a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $125.00 price target on shares of The Travelers Companies in a report on Tuesday, September 12th. Credit Suisse Group decreased their price target on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Zacks Investment Research cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Finally, Citigroup Inc. reissued a “buy” rating and set a $148.00 target price (down previously from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The Travelers Companies currently has an average rating of “Hold” and an average price target of $125.71.

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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.

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

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