Russell Investments Group Ltd. trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 16.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,164 shares of the insurance provider’s stock after selling 88,649 shares during the quarter. Russell Investments Group Ltd. owned 0.16% of The Travelers Companies worth $53,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. BlackRock Inc. lifted its position in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after purchasing an additional 19,585,476 shares in the last quarter. Balyasny Asset Management LLC increased its holdings in The Travelers Companies by 2,272.4% in the second quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after buying an additional 1,409,121 shares during the last quarter. FIL Ltd acquired a new position in The Travelers Companies in the second quarter worth approximately $161,641,000. Janus Henderson Group PLC increased its holdings in The Travelers Companies by 3,559.7% in the second quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock worth $165,178,000 after buying an additional 1,269,774 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in The Travelers Companies by 2,264.8% in the second quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock worth $114,097,000 after buying an additional 863,607 shares during the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

TRV has been the topic of a number of research reports. Citigroup Inc. restated a “buy” rating and issued a $148.00 price objective (down previously from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. BidaskClub downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. MKM Partners restated a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Barclays PLC increased their price objective on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $128.54.

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

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The Travelers Companies, Inc. (TRV) opened at $129.92 on Friday. The Travelers Companies, Inc. has a twelve month low of $110.82 and a twelve month high of $135.71. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $35,558.59, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.26.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the company posted $2.40 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that The Travelers Companies, Inc. will post 7.01 EPS for the current year.

The Travelers Companies announced that its board has authorized a stock repurchase plan on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a $0.72 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The Travelers Companies’s dividend payout ratio is 33.45%.

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.

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

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