Intercontinental Wealth Advisors LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,644 shares of the insurance provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its position in shares of The Travelers Companies by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 137,846 shares of the insurance provider’s stock valued at $17,537,000 after purchasing an additional 7,042 shares during the last quarter. IBM Retirement Fund increased its position in shares of The Travelers Companies by 109.5% during the 2nd quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock valued at $963,000 after purchasing an additional 3,561 shares during the last quarter. Palisade Asset Management LLC increased its position in shares of The Travelers Companies by 2.2% during the 2nd quarter. Palisade Asset Management LLC now owns 18,569 shares of the insurance provider’s stock valued at $2,350,000 after purchasing an additional 400 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of The Travelers Companies during the 1st quarter valued at about $1,637,000. Finally, Lincoln National Corp purchased a new stake in shares of The Travelers Companies during the 1st quarter valued at about $275,000. 77.48% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Citigroup Inc. upped their price target on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Buckingham Research assumed coverage on shares of The Travelers Companies in a research report on Monday, September 11th. They set a “buy” rating and a $136.00 price target for the company. 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The Travelers Companies currently has an average rating of “Hold” and an average target price of $126.18.

The Travelers Companies, Inc. (NYSE TRV) opened at 120.58 on Wednesday. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The company has a market capitalization of $33.27 billion, a P/E ratio of 12.01 and a beta of 1.21. The firm has a 50-day moving average price of $124.75 and a 200 day moving average price of $123.78.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.15). The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post $7.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies announced that its board has approved a share buyback plan on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Michael Frederick Klein sold 10,051 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total value of $1,281,200.97. Following the completion of the sale, the executive vice president now directly owns 1,542 shares in the company, valued at $196,558.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $127.49, for a total value of $703,489.82. Following the completion of the sale, the insider now owns 82,824 shares of the company’s stock, valued at $10,559,231.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,877 shares of company stock valued at $18,539,282. 0.82% of the stock is owned by company insiders.

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.

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

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