Stephens Inc. AR reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 50,213 shares of the insurance provider’s stock after selling 580 shares during the period. Stephens Inc. AR’s holdings in The Travelers Companies were worth $6,152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Carnick & Kubik Group LLC bought a new position in shares of The Travelers Companies in the third quarter valued at approximately $758,000. Robeco Institutional Asset Management B.V. bought a new position in shares of The Travelers Companies in the third quarter valued at approximately $78,058,000. DekaBank Deutsche Girozentrale grew 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 valued at $17,537,000 after acquiring an additional 7,042 shares in the last quarter. Palisade Asset Management LLC grew 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 valued at $2,350,000 after acquiring an additional 400 shares in the last quarter. Finally, IBM Retirement Fund grew 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 valued at $963,000 after acquiring an additional 3,561 shares in the last quarter. 78.14% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the sale, the executive vice president now owns 8,000 shares in the company, valued at $1,063,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.82% of the company’s stock.

TRV has been the subject of several research reports. Zacks Investment Research lowered The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Barclays PLC increased their price objective on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. BidaskClub lowered The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Wells Fargo & Company set a $125.00 price objective on The Travelers Companies and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, MKM Partners reissued a “neutral” rating and set a $130.00 price objective (up from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $128.54.

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The Travelers Companies, Inc. (NYSE TRV) traded down $0.89 during trading hours on Monday, hitting $129.92. The company’s stock had a trading volume of 2,372,000 shares, compared to its average volume of 1,497,834. The stock has a market capitalization of $35,560.00, a P/E ratio of 15.86, a P/E/G ratio of 2.47 and a beta of 1.26. The Travelers Companies, Inc. has a 12-month low of $110.82 and a 12-month high of $135.71. 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 Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.19). The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the company earned $2.40 EPS. The company’s revenue was up 4.2% on a year-over-year basis. equities analysts forecast that The Travelers Companies, Inc. will post 7.01 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be given a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.22%. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.29%.

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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