Public Employees Retirement System of Ohio lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,423 shares of the insurance provider’s stock after selling 5,143 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of The Travelers Companies worth $24,853,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its position 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 purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. raised its position 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. Tradewinds Capital Management LLC raised its position 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. Intellectus Partners LLC raised its position in The Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position 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.

Several analysts have issued reports on the stock. Barclays PLC upped their price target on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $135.00 price target on shares of The Travelers Companies in a research report on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The Travelers Companies has a consensus rating of “Hold” and an average price target of $125.71.

Shares of The Travelers Companies, Inc. (NYSE TRV) traded up 0.57% during trading on Friday, hitting $126.67. 1,087,096 shares of the stock traded hands. The stock has a 50 day moving average price of $122.17 and a 200-day moving average price of $123.99. The stock has a market cap of $34.95 billion, a price-to-earnings ratio of 12.61 and a beta of 1.20. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37.

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 Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post $7.34 EPS for the current year.

The Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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In related news, EVP Kenneth Franklin Spence III sold 4,800 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at $1,285,000. The disclosure for this sale can be found here. Insiders sold a total of 128,323 shares of company stock worth $16,436,703 over the last 90 days. 0.82% of the stock is currently owned by company insiders.

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.

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

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