Atria Investments LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 22,690 shares of the insurance provider’s stock after buying an additional 630 shares during the period. Atria Investments LLC’s holdings in The Travelers Companies were worth $2,871,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. raised its position in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares during the last quarter. First Personal Financial Services raised its position in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the last quarter. Bartlett & Co. LLC raised its position in shares of The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares during the last quarter. Balentine LLC raised its position in shares of The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock worth $169,000 after buying an additional 27 shares during the last quarter. Finally, Community Bank N.A. raised its position in shares of The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock worth $172,000 after buying an additional 400 shares during the last quarter. Institutional investors own 78.95% of the company’s stock.

The Travelers Companies, Inc. (NYSE TRV) traded down 0.78% during midday trading on Friday, reaching $128.68. 625,627 shares of the company’s stock traded hands. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.36. The stock’s 50 day moving average price is $127.13 and its 200 day moving average price is $123.06. The firm has a market cap of $35.51 billion, a price-to-earnings ratio of 12.81 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post $8.92 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. 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 currently 28.77%.

The Travelers Companies declared that its Board of Directors has initiated a share buyback program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/atria-investments-llc-boosts-stake-in-the-travelers-companies-inc-trv/1475794.html.

A number of brokerages have recently issued reports on TRV. Citigroup Inc. upped their target price on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock 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. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a research report on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $124.01.

In other news, Vice Chairman William H. Heyman sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $124.38, for a total value of $995,040.00. Following the transaction, the insider now owns 241,744 shares in the company, valued at approximately $30,068,118.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Douglas K. Russell sold 9,686 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total transaction of $1,191,378.00. Following the completion of the transaction, the senior vice president now owns 29,267 shares in the company, valued at approximately $3,599,841. The disclosure for this sale can be found here. Insiders sold a total of 185,978 shares of company stock worth $23,627,310 in the last 90 days. Corporate insiders own 0.82% of the company’s stock.

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).

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

Receive News & Ratings for The Travelers Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.