Central Bank & Trust Co. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,326 shares of the insurance provider’s stock after buying an additional 106 shares during the period. Central Bank & Trust Co.’s holdings in The Travelers Companies were worth $294,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. raised its position 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 in the last quarter. First Personal Financial Services raised its position 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 in the last quarter. Bartlett & Co. LLC raised its position 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 in the last quarter. Balentine LLC raised 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 worth $169,000 after buying an additional 27 shares in the last quarter. Finally, Community Bank N.A. raised its position 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 in the last quarter. 78.95% of the stock is currently owned by institutional investors and hedge funds.

The Travelers Companies, Inc. (NYSE:TRV) traded down 1.16% during trading on Friday, reaching $128.18. 1,535,138 shares of the company’s stock traded hands. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.36. The stock has a market cap of $35.37 billion, a price-to-earnings ratio of 12.76 and a beta of 1.20. The company’s 50 day moving average is $127.13 and its 200-day moving average is $123.13.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post $8.92 earnings per share for the current fiscal year.

The Travelers Companies declared that its Board of Directors has initiated a stock 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is 28.77%.

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A number of equities analysts recently commented on the stock. Citigroup Inc. raised their price target on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a research report on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The Travelers Companies currently has an average rating of “Hold” and an average price target of $124.01.

In other news, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at $1,285,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Douglas K. Russell sold 9,686 shares of the firm’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 transaction of $1,191,378.00. Following the completion of the transaction, the senior vice president now owns 29,267 shares in the company, valued at approximately $3,599,841. The disclosure for this sale can be found here. Insiders sold 189,503 shares of company stock worth $24,085,032 in the last 90 days. Company insiders own 0.82% of the company’s stock.

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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