Evercore Wealth Management LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,856 shares of the insurance provider’s stock after acquiring an additional 299 shares during the quarter. Evercore Wealth Management LLC’s holdings in The Travelers Companies were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC increased its stake 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 worth $100,000 after acquiring an additional 37 shares during the last quarter. Westside Investment Management Inc. increased its position in The Travelers Companies by 361.1% during 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 position in The Travelers Companies by 133.3% during 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. Tradewinds Capital Management LLC increased its position in The Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after buying an additional 35 shares during the last quarter. 77.48% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on TRV. Barclays PLC increased their target price on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. BidaskClub downgraded shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Finally, Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $125.71.

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Shares of The Travelers Companies, Inc. (TRV) opened at 123.90 on Thursday. The company has a market capitalization of $34.19 billion, a PE ratio of 12.34 and a beta of 1.20. The firm’s 50-day moving average is $122.72 and its 200-day moving average is $123.79. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.37.

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 consensus estimate of $2.07 by ($0.15). The firm 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 firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post $7.43 EPS for the current fiscal year.

The Travelers Companies declared that its Board of Directors has approved a share buyback plan on Monday, September 11th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.32%. The Travelers Companies’s dividend payout ratio is presently 28.77%.

In related news, EVP Andy F. Bessette sold 3,300 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $1,285,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $125.66, for a total transaction of $693,391.88. Following the completion of the transaction, the insider now owns 82,824 shares in the company, valued at approximately $10,407,663.84. The disclosure for this sale can be found here. Insiders have sold a total of 133,841 shares of company stock worth $17,135,116 over the last 90 days. 0.82% of the stock is owned by company 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.

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

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