Huntington National Bank cut its position in shares of The Travelers Cos. (NYSE:TRV) by 30.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,357 shares of the company’s stock after selling 72,109 shares during the period. Huntington National Bank owned 0.06% of The Travelers Cos. worth $19,565,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TRV. Ledyard National Bank raised its position in shares of The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock worth $130,000 after buying an additional 56 shares during the period. Kanaly Trust Co raised its position in shares of The Travelers Cos. by 1.4% in the second quarter. Kanaly Trust Co now owns 1,426 shares of the company’s stock worth $170,000 after buying an additional 19 shares during the period. Clean Yield Group raised its position in shares of The Travelers Cos. by 5.1% in the second quarter. Clean Yield Group now owns 1,535 shares of the company’s stock worth $183,000 after buying an additional 75 shares during the period. Kistler Tiffany Companies LLC raised its position in shares of The Travelers Cos. by 53.8% in the second quarter. Kistler Tiffany Companies LLC now owns 1,543 shares of the company’s stock worth $184,000 after buying an additional 540 shares during the period. Finally, Daiwa SB Investments Ltd. raised its position in shares of The Travelers Cos. by 8.2% in the second quarter. Daiwa SB Investments Ltd. now owns 1,720 shares of the company’s stock worth $201,000 after buying an additional 130 shares during the period. Institutional investors own 80.13% of the company’s stock.

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

The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, July 21st. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the business earned $2.52 EPS. The Travelers Cos.’s quarterly revenue was up 2.3% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio (DPR) is presently 25.92%.

TRV has been the topic of a number of research analyst reports. Bank of America Corp. upgraded shares of The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Tuesday, June 28th. They noted that the move was a valuation call. Barclays PLC restated an “equal weight” rating and set a $109.00 target price (up previously from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. Credit Suisse Group AG set a $111.00 target price on shares of The Travelers Cos. and gave the company a “hold” rating in a report on Monday, September 12th. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, BMO Capital Markets restated a “market perform” rating and set a $120.00 target price (up previously from $117.00) on shares of The Travelers Cos. in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $117.00.

In related news, Director Philip T. Ruegger III acquired 1,700 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were acquired at an average cost of $117.95 per share, for a total transaction of $200,515.00. Following the purchase, the director now owns 20,126 shares in the company, valued at $2,373,861.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Brian W. Maclean sold 38,507 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $116.85, for a total value of $4,499,542.95. Following the transaction, the chief operating officer now owns 145,001 shares in the company, valued at $16,943,366.85. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

The Travelers Cos. Company Profile

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

5 Day Chart for NYSE:TRV

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