BTIM Corp. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,795 shares of the insurance provider’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. First Manhattan Co. increased its position in The Travelers Companies by 3.9% in the first quarter. First Manhattan Co. now owns 190,036 shares of the insurance provider’s stock worth $21,768,000 after buying an additional 7,216 shares in the last quarter. Teza Capital Management LLC bought a new position in The Travelers Companies during the first quarter worth approximately $1,637,000. Lincoln National Corp bought a new position in The Travelers Companies during the first quarter worth approximately $275,000. Janney Montgomery Scott LLC increased its stake in The Travelers Companies by 5.4% in the first quarter. Janney Montgomery Scott LLC now owns 174,890 shares of the insurance provider’s stock worth $21,081,000 after buying an additional 8,909 shares during the period. Finally, Great Lakes Advisors LLC increased its stake in The Travelers Companies by 50.7% in the first quarter. Great Lakes Advisors LLC now owns 109,810 shares of the insurance provider’s stock worth $13,236,000 after buying an additional 36,923 shares during the period. Institutional investors own 78.95% of the company’s stock.

The Travelers Companies, Inc. (TRV) traded down 0.69% during midday trading on Monday, hitting $128.80. The stock had a trading volume of 1,008,321 shares. The stock has a 50-day moving average of $126.93 and a 200-day moving average of $122.59. The firm has a market cap of $35.54 billion, a P/E ratio of 12.83 and a beta of 1.20. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $129.85.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS 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 firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The Travelers Companies’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post $8.92 EPS for the current fiscal year.

The Travelers Companies announced that its board has initiated a stock repurchase plan on Thursday, April 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

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

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TRV has been the subject of a number of research analyst reports. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a research report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Monday, April 24th. BidaskClub upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $123.79.

In other news, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total value of $864,360.00. Following the transaction, the insider now owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 21,527 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.30, for a total value of $2,783,441.10. Following the completion of the transaction, the executive vice president now directly owns 28,452 shares in the company, valued at approximately $3,678,843.60. The disclosure for this sale can be found here. Insiders have sold a total of 163,894 shares of company stock worth $20,759,812 in the last three months. Insiders own 0.82% of the company’s stock.

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.

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

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