Schafer Cullen Capital Management Inc. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,028,604 shares of the insurance provider’s stock after selling 13,048 shares during the quarter. The Travelers Companies accounts for about 1.6% of Schafer Cullen Capital Management Inc.’s investment portfolio, making the stock its 22nd largest position. Schafer Cullen Capital Management Inc. owned approximately 0.37% of The Travelers Companies worth $130,149,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Tradewinds Capital Management LLC grew its position in The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the last quarter. Community Bank N.A. grew its position in The Travelers Companies by 0.7% in the second quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after buying an additional 10 shares during the last quarter. First Business Financial Services Inc. grew its position in The Travelers Companies by 0.5% in the second quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after buying an additional 20 shares during the last quarter. Northern Oak Wealth Management Inc. grew 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 worth $587,000 after buying an additional 23 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its position in The Travelers Companies by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock worth $832,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 77.48% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/schafer-cullen-capital-management-inc-sells-13048-shares-of-the-travelers-companies-inc-trv/1632710.html.

Several equities analysts have weighed in on the stock. Citigroup Inc. lowered their price objective on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. UBS AG lowered their price objective on shares of The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Wells Fargo & Company reiterated a “hold” rating and set a $125.00 price objective on shares of The Travelers Companies in a research report on Tuesday, September 12th. Finally, Credit Suisse Group lowered their price objective on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 12th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $125.71.

The Travelers Companies, Inc. (NYSE:TRV) traded up 0.57% during trading on Friday, hitting $126.67. 1,087,096 shares of the stock traded hands. The company has a market capitalization of $34.95 billion, a P/E ratio of 12.61 and a beta of 1.20. The company’s 50 day moving average is $122.17 and its 200 day moving average is $123.99. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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 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 company earned $2.20 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post $7.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 7th. The Travelers Companies’s dividend payout ratio is 28.77%.

The Travelers Companies declared that its board has authorized a share repurchase plan on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In related news, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $1,285,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 21,527 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.30, for a total transaction of $2,783,441.10. Following the completion of the transaction, the executive vice president now directly owns 28,452 shares of the company’s stock, valued at approximately $3,678,843.60. The disclosure for this sale can be found here. Insiders have sold 128,323 shares of company stock valued at $16,436,703 in the last three months. 0.82% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).

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

Receive News & Ratings for The Travelers Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.