Boston Partners cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 909,333 shares of the insurance provider’s stock after selling 216,800 shares during the period. Boston Partners owned approximately 0.33% of The Travelers Companies worth $115,057,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TRV. Wetherby Asset Management Inc. boosted its stake in shares of The Travelers Companies by 4.5% in the second quarter. Wetherby Asset Management Inc. now owns 6,793 shares of the insurance provider’s stock worth $860,000 after buying an additional 291 shares during the period. Tradewinds Capital Management LLC boosted its stake in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the period. Palisade Asset Management LLC boosted its stake in shares of The Travelers Companies by 2.2% in the second quarter. Palisade Asset Management LLC now owns 18,569 shares of the insurance provider’s stock worth $2,350,000 after buying an additional 400 shares during the period. Pointe Capital Management LLC acquired a new stake in shares of The Travelers Companies during the second quarter worth about $202,000. Finally, St. James Investment Company LLC boosted its stake in shares of The Travelers Companies by 181.8% in the second quarter. St. James Investment Company LLC now owns 6,270 shares of the insurance provider’s stock worth $793,000 after buying an additional 4,045 shares during the period. 77.54% of the stock is owned by institutional investors.

The Travelers Companies, Inc. (TRV) opened at 121.81 on Thursday. The firm has a 50-day moving average of $127.33 and a 200 day moving average of $123.86. The company has a market capitalization of $33.61 billion, a price-to-earnings ratio of 12.13 and a beta of 1.20. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a research note on Monday, August 21st. Barclays PLC upped their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. BidaskClub cut shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. MKM Partners reiterated a “neutral” rating and set a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Five 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 company’s stock. The stock has an average rating of “Hold” and a consensus target price of $124.65.

In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 4,800 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 24,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total value of $3,039,360.00. Following the completion of the sale, the insider now directly owns 253,744 shares in the company, valued at approximately $32,134,140.16. The disclosure for this sale can be found here. Insiders sold a total of 161,431 shares of company stock worth $20,630,217 in the last ninety days. 0.82% of the stock is owned by corporate 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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