Investec Asset Management LTD lowered its holdings in Travelers Companies Inc (NYSE:TRV) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,502 shares of the insurance provider’s stock after selling 7,363 shares during the quarter. Investec Asset Management LTD owned 0.06% of Travelers Companies worth $20,492,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TRV. Daiwa Securities Group Inc. increased its stake in shares of Travelers Companies by 4.3% in the first quarter. Daiwa Securities Group Inc. now owns 62,395 shares of the insurance provider’s stock worth $8,663,000 after acquiring an additional 2,566 shares during the period. Sentry Investment Management LLC increased its stake in shares of Travelers Companies by 393.6% in the first quarter. Sentry Investment Management LLC now owns 20,041 shares of the insurance provider’s stock worth $2,783,000 after acquiring an additional 15,981 shares during the period. Fulton Bank N.A. increased its stake in shares of Travelers Companies by 70.7% in the first quarter. Fulton Bank N.A. now owns 5,539 shares of the insurance provider’s stock worth $769,000 after acquiring an additional 2,295 shares during the period. NuWave Investment Management LLC increased its stake in shares of Travelers Companies by 6,194.7% in the first quarter. NuWave Investment Management LLC now owns 1,196 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 1,177 shares during the period. Finally, ARP Americas LP acquired a new stake in shares of Travelers Companies in the first quarter worth $694,000. Hedge funds and other institutional investors own 79.01% of the company’s stock.

TRV stock opened at $131.65 on Friday. The firm has a market cap of $35.41 billion, a P/E ratio of 18.08, a PEG ratio of 1.05 and a beta of 1.28. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 19th. The insurance provider reported $1.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.43 by ($0.62). The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.35 billion. Travelers Companies had a net margin of 6.89% and a return on equity of 8.84%. research analysts predict that Travelers Companies Inc will post 9.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 10th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $3.08 annualized dividend and a yield of 2.34%. Travelers Companies’s dividend payout ratio is presently 42.31%.

A number of analysts have recently weighed in on TRV shares. Citigroup increased their price objective on shares of Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. TheStreet lowered shares of Travelers Companies from a “b” rating to a “c+” rating in a research note on Thursday, July 19th. Barclays cut their price objective on shares of Travelers Companies from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, July 9th. Sandler O’Neill reiterated a “hold” rating and issued a $130.00 price objective on shares of Travelers Companies in a research note on Friday, July 13th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $142.00 price objective on shares of Travelers Companies in a research note on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $137.81.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the transaction, the insider now directly owns 94,176 shares of the company’s stock, valued at $12,431,232. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction on Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the transaction, the executive vice president now directly owns 10,551 shares in the company, valued at $1,379,859.78. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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

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