Dai Ichi Life Insurance Company Ltd decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 26.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,887 shares of the insurance provider’s stock after selling 1,364 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in The Travelers Companies were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in The Travelers Companies by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock valued at $2,597,871,000 after acquiring an additional 633,510 shares during the last quarter. BlackRock Inc. raised its holdings in The Travelers Companies by 2,395.6% in the 1st quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after acquiring an additional 19,585,476 shares during the last quarter. State Street Corp raised its holdings in The Travelers Companies by 1.6% in the 1st quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock valued at $2,284,205,000 after acquiring an additional 304,049 shares during the last quarter. FMR LLC raised its holdings in The Travelers Companies by 42.1% in the 1st quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after acquiring an additional 1,954,573 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in The Travelers Companies by 9.4% in the 1st quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock valued at $364,779,000 after acquiring an additional 260,838 shares during the last quarter. Institutional investors own 77.48% of the company’s stock.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $125.79, for a total transaction of $1,761,060.00. Following the completion of the sale, the insider now directly owns 253,744 shares in the company, valued at $31,918,457.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $126.98, for a total transaction of $700,675.64. Following the sale, the insider now owns 82,824 shares of the company’s stock, valued at $10,516,991.52. The disclosure for this sale can be found here. Insiders have sold 139,359 shares of company stock valued at $17,835,792 in the last ninety days. 0.82% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on TRV shares. Royal Bank Of Canada reissued a “buy” rating and issued a $135.00 price target on shares of The Travelers Companies in a research note on Monday, August 21st. Credit Suisse Group dropped their price target on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. ValuEngine raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Citigroup Inc. reissued a “buy” rating and issued a $148.00 price target (down previously from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $126.18.

The Travelers Companies, Inc. (TRV) opened at 122.04 on Monday. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.37. The company’s 50 day moving average is $124.75 and its 200-day moving average is $123.78. The stock has a market cap of $33.68 billion, a PE ratio of 12.15 and a beta of 1.21.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the company posted $2.20 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post $7.67 earnings per share for the current year.

The Travelers Companies announced that its board has initiated a stock repurchase program on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 2.36%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

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The Travelers Companies 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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