Palisade Asset Management LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,569 shares of the insurance provider’s stock after buying an additional 400 shares during the period. Palisade Asset Management LLC’s holdings in The Travelers Companies were worth $2,350,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares in the last quarter. BlackRock Inc. increased its stake in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares in the last quarter. State Street Corp increased its stake in shares of The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares in the last quarter. FMR LLC increased its stake in shares of The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

The Travelers Companies, Inc. (TRV) opened at 123.01 on Wednesday. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The stock has a 50 day moving average of $127.33 and a 200 day moving average of $123.86. The company has a market cap of $33.94 billion, a PE ratio of 12.25 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 Zacks’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.20 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post $8.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is currently 28.77%.

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A number of equities research analysts recently weighed in on TRV shares. MKM Partners reaffirmed a “neutral” rating and issued a $130.00 target price (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a research note on Monday, May 22nd. Citigroup Inc. reissued a “buy” rating and set a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Barclays PLC lifted their price target on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a research note on Thursday, May 25th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The Travelers Companies has a consensus rating of “Hold” and an average target price of $124.65.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the sale, the insider now owns 253,744 shares in the company, valued at $32,134,140.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction on Monday, June 12th. The shares were sold at an average price of $125.21, for a total value of $690,908.78. Following the completion of the sale, the insider now owns 82,824 shares in the company, valued at approximately $10,370,393.04. The disclosure for this sale can be found here. Insiders have sold 161,431 shares of company stock worth $20,630,217 in the last three months. 0.82% of the stock is currently owned by corporate insiders.

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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