Webster Bank N. A. reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,526 shares of the insurance provider’s stock after selling 106 shares during the period. Webster Bank N. A.’s holdings in The Travelers Companies were worth $5,507,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares during the period. First Personal Financial Services raised its stake in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after buying an additional 508 shares during the period. Bartlett & Co. LLC raised its stake in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock valued at $169,000 after buying an additional 323 shares during the period. Balentine LLC raised its stake in The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock valued at $169,000 after buying an additional 27 shares during the period. Finally, Community Bank N.A. raised its stake in The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock valued at $172,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) traded up 0.08% during midday trading on Tuesday, hitting $128.89. 350,195 shares of the stock traded hands. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.36. The company’s 50-day moving average is $127.16 and its 200 day moving average is $123.29. The firm has a market capitalization of $35.57 billion, a PE ratio of 12.84 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post $8.90 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.24%. The Travelers Companies’s payout ratio is 28.77%.

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TRV has been the subject of several analyst reports. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research note on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Argus upgraded 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. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $148.00 price objective (down previously from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $124.01.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now directly owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total transaction of $424,050.00. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $1,285,000. The disclosure for this sale can be found here. Insiders have sold 189,503 shares of company stock valued at $24,085,032 over the last three months. 0.82% of the stock is owned by corporate 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.

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

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