Canandaigua National Bank & Trust Co. increased its position in shares of The Travelers Cos. (NYSE:TRV) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,528 shares of the company’s stock after buying an additional 1,480 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in The Travelers Cos. were worth $2,122,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TRV. First Financial Bank N.A. Trust Division raised its stake in The Travelers Cos. by 0.3% in the second quarter. First Financial Bank N.A. Trust Division now owns 2,306 shares of the company’s stock valued at $275,000 after buying an additional 6 shares during the last quarter. YHB Investment Advisors Inc. increased its position in shares of The Travelers Cos. by 0.4% in the second quarter. YHB Investment Advisors Inc. now owns 1,975 shares of the company’s stock valued at $235,000 after buying an additional 8 shares during the period. NBT Bank N A NY increased its position in shares of The Travelers Cos. by 0.6% in the second quarter. NBT Bank N A NY now owns 1,772 shares of the company’s stock valued at $211,000 after buying an additional 10 shares during the period. Burns J W & Co. Inc. NY increased its position in shares of The Travelers Cos. by 0.4% in the third quarter. Burns J W & Co. Inc. NY now owns 3,343 shares of the company’s stock valued at $383,000 after buying an additional 13 shares during the period. Finally, Keeley Asset Management Corp increased its position in shares of The Travelers Cos. by 0.5% in the second quarter. Keeley Asset Management Corp now owns 3,438 shares of the company’s stock valued at $409,000 after buying an additional 17 shares during the period. 76.93% of the stock is owned by institutional investors.

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

Shares of The Travelers Cos. (NYSE:TRV) traded down 0.10% during mid-day trading on Tuesday, hitting $113.70. 1,783,451 shares of the stock traded hands. The firm has a market capitalization of $32.30 billion, a P/E ratio of 11.53 and a beta of 1.03. The Travelers Cos. has a one year low of $101.23 and a one year high of $119.32. The company’s 50 day moving average is $110.74 and its 200 day moving average is $114.37.

The Travelers Cos. (NYSE:TRV) last announced its earnings results on Thursday, October 20th. The company reported $2.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The business earned $6.96 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the prior year, the company posted $2.93 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that The Travelers Cos. will post $9.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.36%. The ex-dividend date is Wednesday, December 7th. The Travelers Cos.’s payout ratio is 27.29%.

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Several brokerages recently commented on TRV. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “hold” rating and issued a $111.00 target price on shares of The Travelers Cos. in a report on Tuesday, August 23rd. Citigroup Inc. lifted their target price on shares of The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Barclays PLC reiterated an “equal weight” rating and issued a $109.00 target price (up previously from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. Finally, William Blair downgraded shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $117.64.

In other news, Director Philip T. Ruegger III purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was purchased at an average price of $107.19 per share, for a total transaction of $214,380.00. Following the completion of the purchase, the director now directly owns 22,443 shares in the company, valued at approximately $2,405,665.17. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $113.75, for a total transaction of $113,750.00. Following the completion of the sale, the insider now owns 229,254 shares of the company’s stock, valued at approximately $26,077,642.50. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

About The Travelers Cos.

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.

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