HighPoint Advisor Group LLC continued to hold its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,308 shares of the insurance provider’s stock at the end of the 2nd quarter. HighPoint Advisor Group LLC’s holdings in The Travelers Companies were worth $429,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Tradewinds Capital Management LLC grew its stake in 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 purchasing an additional 10 shares during the period. Community Bank N.A. grew 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. grew 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. grew 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. grew 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 currently owned by institutional investors.

In related news, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $125.66, for a total transaction of $693,391.88. Following the transaction, the insider now directly owns 82,824 shares in the company, valued at approximately $10,407,663.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,051 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 1,542 shares in the company, valued at $196,558.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,323 shares of company stock worth $16,436,703. 0.82% of the stock is owned by company insiders.

The Travelers Companies, Inc. (NYSE TRV) traded up 0.57% during midday trading on Friday, hitting $126.67. The company had a trading volume of 1,087,096 shares. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The stock has a 50 day moving average price of $122.30 and a 200-day moving average price of $123.97. The stock has a market capitalization of $34.95 billion, a PE ratio of 12.61 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post $7.34 EPS for the current year.

The firm also recently announced 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 annualized dividend and a yield of 2.27%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

The Travelers Companies announced that its board has authorized a stock buyback plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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TRV has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $135.00 target price on shares of The Travelers Companies in a research note on Monday, August 21st. Credit Suisse Group cut their target price on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Zacks Investment Research raised The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Citigroup Inc. cut their target price on The Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Finally, ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $125.71.

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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