First Business Financial Services Inc. boosted its position in Travelers Companies Inc (NYSE:TRV) by 16.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,684 shares of the insurance provider’s stock after purchasing an additional 822 shares during the quarter. First Business Financial Services Inc.’s holdings in Travelers Companies were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. GSA Capital Partners LLP increased its holdings in shares of Travelers Companies by 7.3% in the second quarter. GSA Capital Partners LLP now owns 3,351 shares of the insurance provider’s stock valued at $424,000 after buying an additional 229 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Travelers Companies by 10.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 69,813 shares of the insurance provider’s stock valued at $8,834,000 after buying an additional 6,686 shares in the last quarter. Cypress Capital Management LLC bought a new position in shares of Travelers Companies in the second quarter valued at $226,000. Bank of Nova Scotia increased its holdings in shares of Travelers Companies by 1,365.1% in the second quarter. Bank of Nova Scotia now owns 218,304 shares of the insurance provider’s stock valued at $27,623,000 after buying an additional 203,404 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC increased its holdings in shares of Travelers Companies by 0.8% in the second quarter. Stonebridge Capital Advisors LLC now owns 29,403 shares of the insurance provider’s stock valued at $3,720,000 after buying an additional 227 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors.

Shares of Travelers Companies Inc (NYSE:TRV) opened at $137.08 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.41 and a current ratio of 0.39. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55. The stock has a market cap of $36,641.71, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.

Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.28). Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the firm earned $3.20 earnings per share. Travelers Companies’s revenue for the quarter was up 3.6% compared to the same quarter last year. equities research analysts anticipate that Travelers Companies Inc will post 10.59 earnings per share for the current year.

Travelers Companies declared that its board has approved a stock repurchase plan on Thursday, November 9th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is currently 39.40%.

In other news, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the transaction, the executive vice president now directly owns 21,619 shares in the company, valued at approximately $2,825,170.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares in the company, valued at $1,063,840. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,599 shares of company stock worth $26,487,501. Company insiders own 0.82% of the company’s stock.

TRV has been the topic of several research reports. Bank of America raised Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Royal Bank of Canada upped their price target on Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Citigroup upped their price target on Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a report on Friday, October 20th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $142.00 price target on shares of Travelers Companies in a report on Tuesday, January 23rd. Finally, Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $135.07.

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About 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 Travelers Companies (NYSE:TRV)

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