Capital One National Association boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.3% during the second quarter, Holdings Channel reports. The fund owned 71,342 shares of the insurance provider’s stock after buying an additional 3,602 shares during the period. Capital One National Association’s holdings in The Travelers Companies were worth $9,027,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in shares of The Travelers Companies by 3.9% in the first quarter. First Manhattan Co. now owns 190,036 shares of the insurance provider’s stock valued at $21,768,000 after buying an additional 7,216 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of The Travelers Companies during the first quarter valued at about $1,637,000. Lincoln National Corp bought a new stake in shares of The Travelers Companies during the first quarter valued at about $275,000. Janney Montgomery Scott LLC boosted its stake in shares of The Travelers Companies by 5.4% in the first quarter. Janney Montgomery Scott LLC now owns 174,890 shares of the insurance provider’s stock valued at $21,081,000 after buying an additional 8,909 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in shares of The Travelers Companies by 50.7% in the first quarter. Great Lakes Advisors LLC now owns 109,810 shares of the insurance provider’s stock valued at $13,236,000 after buying an additional 36,923 shares in the last quarter. 78.95% of the stock is owned by hedge funds and other institutional investors.

The Travelers Companies, Inc. (TRV) traded down 0.76% during trading on Friday, hitting $128.70. 623,391 shares of the company traded hands. The firm has a 50 day moving average of $127.13 and a 200 day moving average of $123.06. The firm has a market cap of $35.51 billion, a P/E ratio of 12.82 and a beta of 1.20. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.36.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post $8.92 earnings per share for the current fiscal year.

The Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.22%. The Travelers Companies’s payout ratio is presently 28.77%.

ILLEGAL ACTIVITY NOTICE: “The Travelers Companies, Inc. (TRV) Stake Increased by Capital One National Association” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/the-travelers-companies-inc-trv-stake-increased-by-capital-one-national-association/1475760.html.

TRV has been the subject of several research reports. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Citigroup Inc. reissued a “buy” rating and set a $148.00 price objective (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Morgan Stanley reissued an “underweight” rating and set a $119.00 price objective (up from $112.00) on shares of The Travelers Companies in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a research note on Tuesday, June 20th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $124.01.

In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 16,566 shares of the stock in a transaction on 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 sale, the insider now directly owns 93,872 shares of the company’s stock, valued at approximately $12,204,298.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.35, for a total transaction of $713,753.30. Following the completion of the sale, the insider now directly owns 82,824 shares of the company’s stock, valued at $10,713,284.40. The disclosure for this sale can be found here. Insiders sold a total of 185,978 shares of company stock worth $23,627,310 over the last quarter. 0.82% of the stock is currently owned by company 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.