Flippin Bruce & Porter Inc. reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,459 shares of the insurance provider’s stock after selling 538 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in The Travelers Companies were worth $3,364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TRV. CWM LLC increased its holdings in The Travelers Companies by 4.9% in the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares during the last quarter. Intellectus Partners LLC grew its holdings in shares of The Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of The Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares during the last quarter. Finally, Omnia Family Wealth LLC grew its holdings in shares of The Travelers Companies by 4.7% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares during the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages recently issued reports on TRV. Zacks Investment Research lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Barclays PLC lifted their price target on shares of The Travelers Companies from $119.00 to $122.00 and gave the company 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. Wells Fargo & Company set a $125.00 price target on shares of The Travelers Companies and gave the company a “hold” rating in a report on Tuesday. Finally, MKM Partners reaffirmed a “neutral” rating and set a $130.00 price target (up 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, nine have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $128.54.

Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down $2.22 during midday trading on Tuesday, hitting $133.32. 2,742,600 shares of the stock were exchanged, compared to its average volume of 1,486,846. The firm has a market cap of $37,096.74, a P/E ratio of 16.55, a P/E/G ratio of 2.50 and a beta of 1.26. The Travelers Companies, Inc. has a 1 year low of $110.40 and a 1 year high of $135.71. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). The firm 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 9.87% and a net margin of 8.56%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.40 EPS. sell-side analysts expect that The Travelers Companies, Inc. will post 7.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.16%. The Travelers Companies’s dividend payout ratio (DPR) is currently 33.45%.

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

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.

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

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