Commonwealth Equity Services Inc lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,279 shares of the insurance provider’s stock after purchasing an additional 1,093 shares during the quarter. Commonwealth Equity Services Inc’s holdings in The Travelers Companies were worth $10,203,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CWM LLC raised its stake in shares of The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 37 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of 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 purchasing an additional 10 shares during the last quarter. Intellectus Partners LLC raised its stake in shares of The Travelers Companies by 4.6% in the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 41 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of The Travelers Companies by 3.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 35 shares during the last quarter. Finally, Omnia Family Wealth LLC raised its stake in shares of The Travelers Companies by 4.7% in the second quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

In other news, EVP Andy F. Bessette sold 2,000 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the sale, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at $1,063,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.82% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) traded down $2.90 on Friday, reaching $130.81. The company’s stock had a trading volume of 2,375,700 shares, compared to its average volume of 1,493,896. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. The Travelers Companies, Inc. has a one year low of $110.40 and a one year high of $135.71. The firm has a market capitalization of $36,595.88, a price-to-earnings ratio of 16.33, a P/E/G ratio of 2.54 and a beta of 1.26.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the business posted $2.40 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts anticipate that The Travelers Companies, Inc. will post 7.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s payout ratio is currently 33.45%.

The Travelers Companies announced 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 purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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Several brokerages have recently issued reports on TRV. B. Riley restated a “neutral” rating on shares of The Travelers Companies in a research note on Monday, November 6th. Argus raised their price objective on The Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Company set a $125.00 price objective on The Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday. Citigroup Inc. raised their price objective on The Travelers Companies from $143.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Morgan Stanley raised their price objective on The Travelers Companies from $119.00 to $124.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $128.54.

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.

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

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