Buckingham Capital Management Inc. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,867 shares of the insurance provider’s stock after selling 1,293 shares during the quarter. Buckingham Capital Management Inc.’s holdings in The Travelers Companies were worth $2,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its position in shares of The Travelers Companies by 4.9% in the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 37 shares during the period. Tradewinds Capital Management LLC grew its position in shares of The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares during the period. Intellectus Partners LLC grew its position in shares of The Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of The Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares during the period. Finally, Omnia Family Wealth LLC grew its position in shares of The Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

In related news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by insiders.

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Several research firms have commented on TRV. Wells Fargo & Company set a $125.00 target price on The Travelers Companies and gave the company a “hold” rating in a research note on Tuesday. B. Riley restated a “neutral” rating on shares of The Travelers Companies in a research note on Monday, November 6th. UBS AG boosted their target price on The Travelers Companies from $131.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Argus boosted their target price on The Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $128.54.

Shares of The Travelers Companies, Inc. (NYSE TRV) traded down $2.90 during trading on Friday, hitting $130.81. The stock had a trading volume of 2,375,700 shares, compared to its average volume of 1,493,896. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The company has a market cap of $36,595.88, a PE ratio of 16.33, a P/E/G ratio of 2.54 and a beta of 1.26. The Travelers Companies, Inc. has a one year low of $110.40 and a one year high of $135.71.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 earnings per share. analysts forecast that The Travelers Companies, Inc. will post 7.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s payout ratio is presently 33.45%.

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

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.

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

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