Sentry Investment Management LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,569 shares of the insurance provider’s stock after selling 5,724 shares during the period. Sentry Investment Management LLC’s holdings in The Travelers Companies were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Tradewinds Capital Management LLC boosted its position in The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares during the period. Community Bank N.A. boosted its position in The Travelers Companies by 0.7% during the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after purchasing an additional 10 shares during the period. First Business Financial Services Inc. boosted its position in The Travelers Companies by 0.5% during the 2nd quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after purchasing an additional 20 shares during the period. Northern Oak Wealth Management Inc. boosted its position in The Travelers Companies by 0.5% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock worth $587,000 after purchasing an additional 23 shares during the period. Finally, Lee Danner & Bass Inc. boosted its position in The Travelers Companies by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock worth $832,000 after purchasing an additional 24 shares during the period. 77.40% of the stock is owned by hedge funds and other institutional investors.

Shares of The Travelers Companies, Inc. (NYSE TRV) traded up 0.29% during midday trading on Thursday, hitting $130.40. 360,773 shares of the stock were exchanged. The firm has a market cap of $35.98 billion, a P/E ratio of 12.99 and a beta of 1.20. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.90. The stock’s 50 day moving average is $122.72 and its 200 day moving average is $124.17.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.40 earnings per share. On average, equities research analysts forecast that The Travelers Companies, Inc. will post $7.25 earnings per share for the current fiscal year.

The Travelers Companies declared that its board has approved a share repurchase program on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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A number of analysts recently weighed in on the stock. Wells Fargo & Company set a $125.00 price target on shares of The Travelers Companies and gave the stock a “hold” rating in a research report on Thursday. Barclays PLC boosted their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. BidaskClub lowered shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a report on Monday, August 21st. Finally, MKM Partners reiterated a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The Travelers Companies has an average rating of “Hold” and an average price target of $125.71.

In other news, EVP Kenneth Franklin Spence III sold 4,800 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $128.73, for a total transaction of $617,904.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the transaction, the insider now directly owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold a total of 122,805 shares of company stock valued at $15,743,311 over the last ninety days. 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.

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

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