Burns J W & Co. Inc. NY increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 3,417 shares of the insurance provider’s stock after buying an additional 80 shares during the period. Burns J W & Co. Inc. NY’s holdings in The Travelers Companies were worth $432,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TRV. Westside Investment Management Inc. raised its stake in 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 stake in 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 stake in 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 stake in 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 stake in 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. 78.95% of the stock is owned by institutional investors and hedge funds.

The Travelers Companies, Inc. (NYSE TRV) traded down 0.37% on Thursday, hitting $129.67. The stock had a trading volume of 600,303 shares. The company has a market capitalization of $35.78 billion, a price-to-earnings ratio of 12.91 and a beta of 1.20. The firm has a 50-day moving average of $127.10 and a 200 day moving average of $123.01. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.18.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (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 for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the firm posted $2.20 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post $8.92 earnings per share for the current 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 issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is presently 28.77%.

The Travelers Companies announced that its board has approved a share repurchase 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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A number of equities research analysts recently commented on the company. MKM Partners reissued a “neutral” rating and issued a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. BidaskClub lowered The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $115.00 price target on shares of The Travelers Companies in a research report on Thursday, May 25th. Citigroup Inc. reissued a “buy” rating and issued a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $123.79.

In other news, SVP Douglas K. Russell sold 9,686 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 29,267 shares of the company’s stock, valued at $3,599,841. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.48, for a total value of $864,360.00. Following the completion of the transaction, the insider now directly owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. Insiders have sold 169,412 shares of company stock valued at $21,473,565 in the last three months. 0.82% of the stock is currently 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.

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

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