Rhumbline Advisers lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 554,181 shares of the insurance provider’s stock after buying an additional 1,649 shares during the quarter. Rhumbline Advisers owned about 0.20% of The Travelers Companies worth $67,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of The Travelers Companies by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock worth $2,754,501,000 after buying an additional 217,625 shares during the period. BlackRock Inc. grew its position in shares of The Travelers Companies by 2,395.6% during the 1st quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares during the period. State Street Corp grew its position in shares of The Travelers Companies by 1.6% during the 1st quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares during the period. FMR LLC grew its position in shares of The Travelers Companies by 6.4% during the 2nd quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock worth $888,314,000 after buying an additional 424,036 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of The Travelers Companies by 9.4% during the 1st quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares during the period. 77.63% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on TRV. Zacks Investment Research upgraded The Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. BidaskClub cut The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Buckingham Research began coverage on The Travelers Companies in a report on Monday, September 11th. They issued a “buy” rating and a $136.00 target price on the stock. Morgan Stanley increased their target price on The Travelers Companies from $119.00 to $124.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $135.00 target price on shares of The Travelers Companies in a report on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $128.54.

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Shares of The Travelers Companies, Inc. (NYSE TRV) traded down $2.22 during trading hours on Tuesday, reaching $133.32. The company’s stock had a trading volume of 2,742,600 shares, compared to its average volume of 1,486,846. The Travelers Companies, Inc. has a fifty-two week low of $110.40 and a fifty-two week high of $135.71. The company has a market cap of $37,096.74, a PE ratio of 16.55, a PEG ratio of 2.50 and a beta of 1.26. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29.

The Travelers Companies (NYSE:TRV) last announced its 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 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 for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the business earned $2.40 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts forecast that The Travelers Companies, Inc. will post 7.23 earnings per share for the current year.

The Travelers Companies announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio is presently 33.45%.

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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