Bank of Hawaii held its stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,049 shares of the insurance provider’s stock at the close of the 2nd quarter. Bank of Hawaii’s holdings in The Travelers Companies were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Pax World Management LLC boosted its holdings in The Travelers Companies by 5.0% in the 1st quarter. Pax World Management LLC now owns 2,096 shares of the insurance provider’s stock valued at $253,000 after purchasing an additional 100 shares in the last quarter. First Personal Financial Services boosted its holdings in The Travelers Companies by 133.3% in the 1st quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after purchasing an additional 508 shares in the last quarter. Commerce Bank boosted its holdings in The Travelers Companies by 5.4% in the 1st quarter. Commerce Bank now owns 20,602 shares of the insurance provider’s stock valued at $2,484,000 after purchasing an additional 1,063 shares in the last quarter. Peddock Capital Advisors LLC boosted its holdings in The Travelers Companies by 7.8% in the 1st quarter. Peddock Capital Advisors LLC now owns 8,360 shares of the insurance provider’s stock valued at $1,008,000 after purchasing an additional 603 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in The Travelers Companies by 27.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,747 shares of the insurance provider’s stock valued at $2,501,000 after purchasing an additional 4,463 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors.

Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 123.90 on Thursday. The company has a 50-day moving average price of $122.72 and a 200-day moving average price of $123.79. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 12.34 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.07 by ($0.15). The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post $7.43 earnings per share for the current fiscal year.

The Travelers Companies declared that its board has approved a share repurchase program on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, September 7th. The Travelers Companies’s payout ratio is 28.77%.

A number of equities research analysts have weighed in on TRV shares. Zacks Investment Research lowered The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. lifted their price objective on The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Credit Suisse Group lowered their price objective on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Finally, Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a research note on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.71.

In related news, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $126.57, for a total transaction of $698,413.26. Following the completion of the sale, the insider now directly owns 82,824 shares in the company, valued at $10,483,033.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the sale, the insider now owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold 133,841 shares of company stock valued at $17,135,116 over the last 90 days. 0.82% of the stock is currently owned by insiders.

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About The 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 The Travelers Companies (NYSE:TRV)

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