Pictet Asset Management Ltd. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,777 shares of the insurance provider’s stock after selling 6,500 shares during the period. Pictet Asset Management Ltd. owned about 0.12% of The Travelers Companies worth $41,048,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted 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 buying an additional 19,585,476 shares during the last quarter. FMR LLC boosted its position in shares of The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares during the last quarter. Hermes Investment Management Ltd. acquired a new position in shares of The Travelers Companies during the second quarter worth approximately $58,950,000. Finally, WINTON GROUP Ltd boosted its position in shares of The Travelers Companies by 191.6% in the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock worth $79,640,000 after buying an additional 456,814 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 126.47 on Monday. The stock has a market capitalization of $34.90 billion, a price-to-earnings ratio of 12.59 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 company has a 50 day moving average of $127.33 and a 200 day moving average of $123.86.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 EPS. Analysts predict that The Travelers Companies, Inc. will post $8.90 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.28%. The Travelers Companies’s dividend payout ratio is presently 28.77%.

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TRV has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a report on Monday, May 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $115.00 target price on shares of The Travelers Companies in a report on Thursday, May 25th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $120.62 to $129.44 in a research note on Monday, June 19th. Finally, Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a research note on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The Travelers Companies currently has an average rating of “Hold” and an average price target of $124.65.

In related news, Vice Chairman William H. Heyman sold 24,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the completion of the sale, the insider now owns 253,744 shares in the company, valued at $32,134,140.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total value of $2,153,745.66. Following the completion of the sale, the insider now owns 93,872 shares of the company’s stock, valued at approximately $12,204,298.72. The disclosure for this sale can be found here. Insiders sold 177,617 shares of company stock valued at $22,647,198 in the last quarter. 0.82% of the stock is currently owned by corporate insiders.

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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