Martin Investment Management LLC trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,526 shares of the insurance provider’s stock after selling 1,127 shares during the period. The Travelers Companies makes up 2.9% of Martin Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding. Martin Investment Management LLC’s holdings in The Travelers Companies were worth $10,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its holdings in shares of The Travelers Companies by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 137,846 shares of the insurance provider’s stock valued at $17,537,000 after purchasing an additional 7,042 shares during the last quarter. IBM Retirement Fund raised its holdings in shares of The Travelers Companies by 109.5% during the second quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock valued at $963,000 after purchasing an additional 3,561 shares during the last quarter. Palisade Asset Management LLC raised its holdings in shares of The Travelers Companies by 2.2% during the second quarter. Palisade Asset Management LLC now owns 18,569 shares of the insurance provider’s stock valued at $2,350,000 after purchasing an additional 400 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of The Travelers Companies during the first quarter valued at approximately $1,637,000. Finally, Lincoln National Corp purchased a new position in shares of The Travelers Companies during the first quarter valued at approximately $275,000. 77.48% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Andy F. Bessette sold 3,300 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total transaction of $424,050.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 16,566 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 of the company’s stock, valued at $12,204,298.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 144,877 shares of company stock valued at $18,539,282. Insiders own 0.82% of the company’s stock.

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The Travelers Companies, Inc. (NYSE TRV) opened at 120.72 on Tuesday. The firm has a 50 day moving average of $124.96 and a 200-day moving average of $123.80. The company has a market capitalization of $33.31 billion, a price-to-earnings ratio of 12.02 and a beta of 1.21. 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 posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.15). The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $2.20 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post $7.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

The Travelers Companies declared that its board has authorized a stock repurchase plan on Monday, September 11th that permits the company to buyback shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts have recently weighed in on TRV shares. Zacks Investment Research cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. boosted their target price on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Vetr upgraded 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 Tuesday, June 27th. Finally, Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $126.26.

The Travelers Companies 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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