Moors & Cabot Inc. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,572 shares of the insurance provider’s stock after selling 85 shares during the period. Moors & Cabot Inc.’s holdings in The Travelers Companies were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Tradewinds Capital Management LLC raised its stake in shares of The Travelers Companies by 1.1% in 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 during the last quarter. Community Bank N.A. raised its stake in shares of The Travelers Companies by 0.7% in the second quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after acquiring an additional 10 shares during the last quarter. First Business Financial Services Inc. raised its stake in shares of The Travelers Companies by 0.5% in the second quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after acquiring an additional 20 shares during the last quarter. Northern Oak Wealth Management Inc. raised its stake in shares of The Travelers Companies by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock worth $587,000 after acquiring an additional 23 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in shares of The Travelers Companies by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock worth $832,000 after acquiring an additional 24 shares during the last quarter. 77.48% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on TRV shares. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Citigroup Inc. boosted their price target on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. BidaskClub downgraded shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research started coverage on shares of The Travelers Companies in a research note on Monday, September 11th. They set a “buy” rating and a $136.00 price target for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $135.00 price target on shares of The Travelers Companies in a research note on Monday, August 21st. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $125.71.

In other The Travelers Companies news, EVP Michael Frederick Klein sold 10,051 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total value of $1,281,200.97. Following the completion of the transaction, the executive vice president now directly owns 1,542 shares in the company, valued at approximately $196,558.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the completion of the transaction, the insider now owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,323 shares of company stock valued at $16,436,703. 0.82% of the stock is currently owned by corporate insiders.

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The Travelers Companies, Inc. (TRV) traded up 0.02% on Thursday, hitting $125.64. 116,975 shares of the stock traded hands. The stock has a 50-day moving average price of $122.30 and a 200 day moving average price of $123.92. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The company has a market cap of $34.67 billion, a price-to-earnings ratio of 12.51 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 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 company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 earnings per share. On average, analysts anticipate 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 program on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a dividend of $0.72 per share. The ex-dividend date 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 (DPR) is presently 28.77%.

The Travelers Companies 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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