Flinton Capital Management LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 31.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,656 shares of the insurance provider’s stock after selling 16,912 shares during the quarter. Flinton Capital Management LLC’s holdings in The Travelers Companies were worth $4,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TRV. CWM LLC increased its holdings in The Travelers Companies by 4.9% in the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. increased its holdings in The Travelers Companies by 361.1% in the 1st 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 in the last quarter. Tradewinds Capital Management LLC increased its holdings in The Travelers Companies by 1.1% in the 2nd 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 in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in The Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares in the last quarter. Finally, Omnia Family Wealth LLC increased its holdings in The Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors and hedge funds.

The Travelers Companies, Inc. (TRV) opened at 124.985 on Monday. The company has a market cap of $34.49 billion, a PE ratio of 12.446 and a beta of 1.20. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37. The stock’s 50 day moving average is $122.49 and its 200 day moving average is $123.81.

The Travelers Companies (NYSE:TRV) last released its earnings results 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 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 was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 EPS. Equities analysts predict that The Travelers Companies, Inc. will post $7.43 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a dividend of $0.72 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.30%. The Travelers Companies’s payout ratio is 28.77%.

Several brokerages recently issued reports on TRV. Zacks Investment Research upgraded The Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Citigroup Inc. increased their price target on The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Buckingham Research began coverage on The Travelers Companies in a report on Monday, September 11th. They issued a “buy” rating and a $136.00 price target for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $135.00 price target on shares of The Travelers Companies in a report on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $125.71.

In other news, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the transaction, the insider now owns 253,744 shares in the company, valued at approximately $32,134,140.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,323 shares of company stock worth $16,436,703. Insiders own 0.82% of the company’s stock.

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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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