Balasa Dinverno & Foltz LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 3,696 shares of the insurance provider’s stock after buying an additional 248 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in The Travelers Companies were worth $468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tompkins Financial Corp increased its position in The Travelers Companies by 0.3% in the first quarter. Tompkins Financial Corp now owns 21,796 shares of the insurance provider’s stock worth $2,544,000 after buying an additional 60 shares during the last quarter. Pinnacle Bank acquired a new position in The Travelers Companies during the first quarter worth about $564,000. Howland Capital Management LLC increased its position in The Travelers Companies by 0.3% in the first quarter. Howland Capital Management LLC now owns 9,795 shares of the insurance provider’s stock worth $1,181,000 after buying an additional 34 shares during the last quarter. Reilly Financial Advisors LLC increased its position in The Travelers Companies by 5.5% in the first quarter. Reilly Financial Advisors LLC now owns 11,990 shares of the insurance provider’s stock worth $1,445,000 after buying an additional 620 shares during the last quarter. Finally, DnB Asset Management AS increased its position in The Travelers Companies by 23.5% in the first quarter. DnB Asset Management AS now owns 79,252 shares of the insurance provider’s stock worth $9,553,000 after buying an additional 15,100 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 129.05 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.36. The firm has a market capitalization of $35.61 billion, a P/E ratio of 12.85 and a beta of 1.20. The company has a 50 day moving average of $127.19 and a 200-day moving average of $123.37.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post $8.90 EPS for the current year.

The Travelers Companies declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s payout ratio is presently 28.77%.

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A number of research analysts have issued reports on TRV shares. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and set a $126.00 target price on shares of The Travelers Companies in a research report on Monday, May 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $115.00 target price on shares of The Travelers Companies in a research report on Thursday, May 25th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $124.01.

In related news, SVP Douglas K. Russell sold 9,686 shares of the company’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 value of $1,191,378.00. Following the sale, the senior vice president now directly owns 29,267 shares in the company, valued at $3,599,841. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total value of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares in the company, valued at $30,467,949.12. The disclosure for this sale can be found here. Insiders sold 194,303 shares of company stock worth $24,702,936 over the last quarter. 0.82% of the stock is currently 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.

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

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