Capstone Asset Management Co. decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 38,116 shares of the insurance provider’s stock after selling 178 shares during the period. Capstone Asset Management Co.’s holdings in The Travelers Companies were worth $4,823,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TRV. Balasa Dinverno & Foltz LLC boosted its position in The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after buying an additional 9 shares during the period. American Economic Planning Group Inc. ADV boosted its position in The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock valued at $305,000 after buying an additional 15 shares during the period. Dubuque Bank & Trust Co. boosted its position in The Travelers Companies by 0.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,970 shares of the insurance provider’s stock valued at $479,000 after buying an additional 23 shares during the period. Northern Oak Wealth Management Inc. boosted its position in The Travelers Companies by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after buying an additional 23 shares during the period. Finally, Balentine LLC boosted its position in The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock valued at $169,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 78.95% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) traded down 0.76% during midday trading on Friday, hitting $128.70. 623,391 shares of the company traded hands. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.36. The stock’s 50-day moving average is $127.13 and its 200 day moving average is $123.06. The stock has a market capitalization of $35.51 billion, a P/E ratio of 12.82 and a beta of 1.20.

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 the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the company posted $2.20 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post $8.92 earnings per share for the current year.

The Travelers Companies declared that its board has approved 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. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The company 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 dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is currently 28.77%.

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Several research analysts have commented on the stock. BidaskClub cut shares of The Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $115.00 price objective on shares of The Travelers Companies in a report on Thursday, May 25th. Barclays PLC increased 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 report on Friday. Finally, Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $120.62 to $129.44 in a report on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The Travelers Companies presently has an average rating of “Hold” and an average target price of $124.01.

In other The Travelers Companies news, SVP Douglas K. Russell sold 9,686 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $1,191,378.00. Following the transaction, the senior vice president now directly owns 29,267 shares in the company, valued at $3,599,841. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the transaction, 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 have sold 185,978 shares of company stock worth $23,627,310 over the last ninety days. Insiders own 0.82% of the company’s stock.

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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