Essex Financial Services Inc. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,373 shares of the insurance provider’s stock after purchasing an additional 683 shares during the period. Essex Financial Services Inc.’s holdings in The Travelers Companies were worth $806,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CWM LLC grew its position in shares of The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 37 shares during the period. Westside Investment Management Inc. grew its position in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 686 shares during the period. First Personal Financial Services grew its position in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after purchasing an additional 508 shares during the period. Tradewinds Capital Management LLC grew its position in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares during the period. Finally, Liberty Capital Management Inc. grew its position in shares of 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 valued at $154,000 after purchasing an additional 1,000 shares during the period. 77.55% of the stock is owned by institutional investors and hedge funds.

In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 5,518 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $125.66, for a total transaction of $693,391.88. Following the transaction, the insider now directly owns 82,824 shares of the company’s stock, valued at $10,407,663.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the transaction, the insider now directly owns 93,872 shares in the company, valued at $12,204,298.72. The disclosure for this sale can be found here. Insiders have sold 150,395 shares of company stock worth $19,249,559 over the last three months. Company insiders own 0.82% of the company’s stock.

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A number of equities research analysts have recently commented on the company. Citigroup Inc. lifted their price objective on The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. BidaskClub downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a research report on Monday, August 21st. Bank of America Corporation downgraded The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The Travelers Companies has an average rating of “Hold” and an average price target of $124.65.

The Travelers Companies, Inc. (NYSE TRV) opened at 119.76 on Monday. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The firm’s 50 day moving average price is $125.82 and its 200-day moving average price is $123.85. The firm has a market cap of $33.05 billion, a PE ratio of 11.93 and a beta of 1.21.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The business 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 company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post $8.89 EPS for the current year.

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 given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s payout ratio is 28.77%.

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.

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

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