Commerce Bank increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 24.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,792 shares of the insurance provider’s stock after buying an additional 4,647 shares during the period. Commerce Bank’s holdings in The Travelers Companies were worth $2,915,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of The Travelers Companies by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock valued at $2,754,501,000 after buying an additional 217,625 shares during the period. BlackRock Inc. boosted its holdings in shares of The Travelers Companies by 2,395.6% in the 1st quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after buying an additional 19,585,476 shares during the period. State Street Corp boosted its holdings in shares of The Travelers Companies by 1.6% in the 1st quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock valued at $2,284,205,000 after buying an additional 304,049 shares during the period. FMR LLC boosted its holdings in shares of The Travelers Companies by 6.4% in the 2nd quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock valued at $888,314,000 after buying an additional 424,036 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of The Travelers Companies by 9.4% in the 1st quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock valued at $364,779,000 after buying an additional 260,838 shares during the period. 77.63% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the sale, the executive vice president now directly owns 8,000 shares in the company, valued at approximately $1,063,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is owned by insiders.

The Travelers Companies, Inc. (NYSE:TRV) traded down $0.89 during mid-day trading on Friday, hitting $129.92. 2,367,329 shares of the company’s stock were exchanged, compared to its average volume of 1,497,834. The Travelers Companies, Inc. has a one year low of $110.82 and a one year high of $135.71. The company has a market cap of $35,800.00, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm posted $2.40 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that The Travelers Companies, Inc. will post 7.09 EPS for the current year.

The Travelers Companies announced that its board has approved a share repurchase program on Monday, September 11th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a $0.72 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.22%. The Travelers Companies’s payout ratio is currently 33.29%.

Several research firms have recently commented on TRV. B. Riley reaffirmed a “neutral” rating on shares of The Travelers Companies in a report on Monday, November 6th. Argus boosted their target price on shares of The Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Company set a $125.00 target price on shares of The Travelers Companies and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of The Travelers Companies from $119.00 to $124.00 and gave the company an “underweight” rating in a research note on Friday, October 20th. Finally, Citigroup Inc. boosted their target price on shares of The Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $128.54.

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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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