Mountain Lake Investment Management LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 23.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,000 shares of the insurance provider’s stock after selling 15,000 shares during the quarter. The Travelers Companies makes up 2.5% of Mountain Lake Investment Management LLC’s portfolio, making the stock its 11th biggest holding. Mountain Lake Investment Management LLC’s holdings in The Travelers Companies were worth $6,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC raised its holdings 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 stake in 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 last quarter. Tradewinds Capital Management LLC increased its stake in 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 last quarter. Thompson Siegel & Walmsley LLC increased its stake in The Travelers Companies by 3.6% in the second 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 during the last quarter. Finally, Omnia Family Wealth LLC increased its stake in The Travelers Companies by 4.7% in the second 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 during the last quarter. Institutional investors own 77.48% of the company’s stock.

Several research firms recently commented on TRV. Barclays PLC upped their target price on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $120.62 to $129.44 in a research note on Monday, June 19th. BidaskClub upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a research note on Tuesday, June 20th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $135.00 target price on shares of The Travelers Companies in a research note on Monday, August 21st. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The Travelers Companies presently has a consensus rating of “Hold” and an average price target of $125.71.

Shares of The Travelers Companies, Inc. (NYSE TRV) traded down 0.10% on Monday, reaching $124.94. The company had a trading volume of 29,108 shares. The company has a 50-day moving average price of $122.49 and a 200-day moving average price of $123.81. The firm has a market capitalization of $34.48 billion, a PE ratio of 12.44 and a beta of 1.20. 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 released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post $7.43 EPS for the current fiscal year.

The Travelers Companies declared that its board has initiated a share repurchase plan on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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

In other news, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $125.66, for a total value of $693,391.88. Following the completion of the transaction, the insider now owns 82,824 shares in the company, valued at $10,407,663.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold 128,323 shares of company stock worth $16,436,703 over the last ninety days. Company insiders own 0.82% of the company’s stock.

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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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