Winslow Evans & Crocker Inc. decreased its position in shares of The Travelers Cos. (NYSE:TRV) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 38,590 shares of the company’s stock after selling 960 shares during the period. The Travelers Cos. accounts for about 1.4% of Winslow Evans & Crocker Inc.’s portfolio, making the stock its 11th largest position. Winslow Evans & Crocker Inc.’s holdings in The Travelers Cos. were worth $4,594,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Kanaly Trust Co raised its stake in shares of The Travelers Cos. by 1.4% in the second quarter. Kanaly Trust Co now owns 1,426 shares of the company’s stock worth $170,000 after buying an additional 19 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of The Travelers Cos. by 53.8% in the second quarter. Kistler Tiffany Companies LLC now owns 1,543 shares of the company’s stock worth $184,000 after buying an additional 540 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of The Travelers Cos. by 8.2% in the second quarter. Daiwa SB Investments Ltd. now owns 1,720 shares of the company’s stock worth $201,000 after buying an additional 130 shares in the last quarter. Associated Banc Corp bought a new stake in shares of The Travelers Cos. during the first quarter worth $205,000. Finally, Telemus Capital LLC bought a new stake in shares of The Travelers Cos. during the second quarter worth $245,000. Institutional investors and hedge funds own 80.20% of the company’s stock.

Shares of The Travelers Cos. (NYSE:TRV) traded down 0.23% during mid-day trading on Friday, hitting $114.67. 3,499,756 shares of the stock traded hands. The company has a market cap of $33.06 billion, a P/E ratio of 11.04 and a beta of 1.07. The Travelers Cos. has a 12 month low of $97.18 and a 12 month high of $119.32. The firm has a 50 day moving average of $117.53 and a 200 day moving average of $114.84.

The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, July 21st. The company reported $2.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.05. The Travelers Cos. had a net margin of 11.70% and a return on equity of 13.06%. The firm earned $6.79 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter last year, the company posted $2.52 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that The Travelers Cos. will post $9.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 7th. This represents a $2.68 annualized dividend and a dividend yield of 2.34%. The Travelers Cos.’s dividend payout ratio (DPR) is presently 25.92%.

TRV has been the subject of a number of recent research reports. Citigroup Inc. reissued a “neutral” rating on shares of The Travelers Cos. in a research report on Tuesday, June 21st. Royal Bank Of Canada boosted their price objective on shares of The Travelers Cos. from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, July 22nd. BMO Capital Markets reissued a “market perform” rating and set a $120.00 price objective (up previously from $117.00) on shares of The Travelers Cos. in a research report on Tuesday, July 12th. Credit Suisse Group AG set a $111.00 price objective on shares of The Travelers Cos. and gave the company a “hold” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research downgraded shares of The Travelers Cos. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $117.45.

In related news, CFO Jay S. Benet sold 5,797 shares of the firm’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $109.89, for a total transaction of $637,032.33. Following the completion of the transaction, the chief financial officer now owns 71,352 shares of the company’s stock, valued at $7,840,871.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andy F. Bessette sold 8,554 shares of The Travelers Cos. stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $117.58, for a total transaction of $1,005,779.32. Following the completion of the transaction, the executive vice president now directly owns 14,659 shares of the company’s stock, valued at approximately $1,723,605.22. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

About The Travelers Cos.

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

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