Stonebridge Capital Advisors LLC lessened its position in Travelers Companies Inc (NYSE:TRV) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,076 shares of the insurance provider’s stock after selling 1,878 shares during the period. Travelers Companies makes up 1.4% of Stonebridge Capital Advisors LLC’s portfolio, making the stock its 18th biggest position. Stonebridge Capital Advisors LLC’s holdings in Travelers Companies were worth $7,936,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BLB&B Advisors LLC grew its position in Travelers Companies by 1.5% in the 2nd quarter. BLB&B Advisors LLC now owns 4,788 shares of the insurance provider’s stock valued at $716,000 after buying an additional 70 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Travelers Companies by 0.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 24,817 shares of the insurance provider’s stock valued at $3,711,000 after buying an additional 71 shares in the last quarter. Signaturefd LLC grew its position in Travelers Companies by 1.9% in the 1st quarter. Signaturefd LLC now owns 3,919 shares of the insurance provider’s stock valued at $538,000 after buying an additional 72 shares in the last quarter. Glassman Wealth Services grew its position in Travelers Companies by 2.6% in the 1st quarter. Glassman Wealth Services now owns 2,958 shares of the insurance provider’s stock valued at $406,000 after buying an additional 74 shares in the last quarter. Finally, Cibc Bank USA grew its position in Travelers Companies by 2.4% in the 2nd quarter. Cibc Bank USA now owns 3,194 shares of the insurance provider’s stock valued at $478,000 after buying an additional 76 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 21,972 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $146.59, for a total value of $3,220,875.48. Following the completion of the transaction, the insider now directly owns 94,588 shares in the company, valued at $13,865,654.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 7,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the completion of the transaction, the insider now owns 242,245 shares of the company’s stock, valued at $36,215,627.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,566 shares of company stock valued at $8,347,056. Corporate insiders own 0.73% of the company’s stock.

A number of equities analysts recently issued reports on TRV shares. Morgan Stanley decreased their target price on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, August 15th. Royal Bank of Canada raised their price objective on shares of Travelers Companies to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research report on Friday, July 19th. Deutsche Bank lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective for the company. in a research report on Thursday, June 27th. Finally, Bank of America lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $156.00 price objective for the company. in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $149.29.

Shares of NYSE:TRV traded up $0.55 during trading hours on Monday, hitting $146.83. 426,321 shares of the company’s stock traded hands, compared to its average volume of 1,178,908. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $155.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. The company’s fifty day simple moving average is $147.35 and its two-hundred day simple moving average is $144.68. The company has a market cap of $38.13 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.51 and a beta of 0.93.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter last year, the business posted $1.81 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts anticipate that Travelers Companies Inc will post 10.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, September 9th. Travelers Companies’s payout ratio is 36.69%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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

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