Pettee Investors Inc. continued to hold its position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,675 shares of the insurance provider’s stock at the end of the second quarter. Pettee Investors Inc.’s holdings in The Travelers Companies were worth $212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schmidt P J Investment Management Inc. boosted its stake in The Travelers Companies by 5.9% in the first quarter. Schmidt P J Investment Management Inc. now owns 17,013 shares of the insurance provider’s stock worth $2,051,000 after buying an additional 946 shares during the period. Oakworth Capital Inc. boosted its stake in The Travelers Companies by 14.0% in the first quarter. Oakworth Capital Inc. now owns 2,223 shares of the insurance provider’s stock worth $268,000 after buying an additional 273 shares during the period. Breton Hill Capital Ltd. purchased a new stake in The Travelers Companies during the first quarter worth approximately $277,000. IFP Advisors Inc boosted its stake in The Travelers Companies by 5.2% in the first quarter. IFP Advisors Inc now owns 10,169 shares of the insurance provider’s stock worth $1,226,000 after buying an additional 501 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in The Travelers Companies by 17.9% in the first quarter. Russell Investments Group Ltd. now owns 523,045 shares of the insurance provider’s stock worth $63,060,000 after buying an additional 79,232 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 123.01 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37. The firm has a 50-day moving average price of $127.33 and a 200-day moving average price of $123.86. The stock has a market cap of $33.94 billion, a PE ratio of 12.25 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The firm 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 quarter in the previous year, the business earned $2.20 EPS. Equities analysts forecast that The Travelers Companies, Inc. will post $8.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.34%. The Travelers Companies’s payout ratio is currently 28.77%.

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A number of analysts recently commented on TRV shares. MKM Partners reiterated a “neutral” rating and set a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research report on Monday, May 22nd. Citigroup Inc. reiterated a “buy” rating and set a $148.00 price objective (down previously from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Barclays PLC upped their price objective on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a research report on Thursday, May 25th. 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 stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.65.

In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 16,566 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total value of $2,153,745.66. Following the completion of the transaction, the insider now directly owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andy F. Bessette sold 3,300 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total transaction of $424,050.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $1,285,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 161,431 shares of company stock valued at $20,630,217. 0.82% of the stock is owned by 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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