First Merchants Corp raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,843 shares of the insurance provider’s stock after buying an additional 966 shares during the period. First Merchants Corp’s holdings in The Travelers Companies were worth $3,143,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after buying an additional 37 shares during the last quarter. Westside Investment Management Inc. increased 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 worth $106,000 after buying an additional 686 shares during the last quarter. First Personal Financial Services increased 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 worth $107,000 after buying an additional 508 shares during the last quarter. Liberty Capital Management Inc. increased its stake in The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after buying an additional 1,000 shares during the last quarter. Finally, Bartlett & Co. LLC increased 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 worth $169,000 after buying an additional 323 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

The Travelers Companies, Inc. (NYSE TRV) opened at 127.89 on Monday. The stock has a market capitalization of $35.29 billion, a PE ratio of 12.74 and a beta of 1.20. The firm has a 50-day moving average of $127.31 and a 200-day moving average of $123.52. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.37.

The Travelers Companies (NYSE:TRV) last announced its earnings results 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 firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.20 EPS. On average, equities analysts expect that The Travelers Companies, Inc. will post $8.90 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.25%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

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TRV has been the subject of a number of research analyst reports. Citigroup Inc. upped their price objective on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Monday, April 24th. Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a report on Tuesday, June 27th. Bank of America Corporation downgraded The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Finally, Morgan Stanley restated an “underweight” rating and set a $119.00 price objective (up from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $124.01.

In other news, Vice Chairman William H. Heyman sold 7,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the transaction, the insider now owns 246,744 shares in the company, valued at approximately $30,467,949.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Douglas K. Russell sold 9,686 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.00, for a total transaction of $1,191,378.00. Following the transaction, the senior vice president now owns 29,267 shares in the company, valued at approximately $3,599,841. The disclosure for this sale can be found here. Insiders sold a total of 194,303 shares of company stock worth $24,702,936 in the last quarter. Insiders own 0.82% of the company’s stock.

The Travelers Companies Company Profile

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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