Auxier Asset Management cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,399 shares of the insurance provider’s stock after selling 3,085 shares during the period. The Travelers Companies comprises about 1.9% of Auxier Asset Management’s holdings, making the stock its 13th largest holding. Auxier Asset Management’s holdings in The Travelers Companies were worth $9,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in 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. boosted its holdings 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 period. Tradewinds Capital Management LLC boosted its holdings 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 period. Intellectus Partners LLC boosted its holdings in The Travelers Companies by 4.6% in the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings 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 period. Hedge funds and other institutional investors own 77.48% of the company’s stock.

In other news, Vice Chairman Jay S. Benet sold 5,518 shares of the 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 transaction, the insider now owns 82,824 shares of the company’s stock, valued at $10,407,663.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the transaction, the insider now directly owns 253,744 shares in the company, 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 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

TRV has been the subject of a number of recent research reports. Zacks Investment Research lowered The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. lifted their target price on The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Credit Suisse Group decreased their target price on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Finally, Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a report on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $125.71.

The Travelers Companies, Inc. (NYSE TRV) traded up 0.57% during mid-day trading on Friday, hitting $126.67. The stock had a trading volume of 1,087,096 shares. The stock has a market cap of $34.95 billion, a P/E ratio of 12.61 and a beta of 1.20. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The company has a 50 day moving average price of $122.17 and a 200 day moving average price of $123.99.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the business posted $2.20 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post $7.34 EPS for the current year.

The Travelers Companies declared that its Board of Directors has approved 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. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given 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 2.27%. The Travelers Companies’s payout ratio is 28.77%.

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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.

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

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