Pitcairn Co. cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,549 shares of the insurance provider’s stock after selling 2,052 shares during the period. Pitcairn Co.’s holdings in The Travelers Companies were worth $1,967,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake 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. BlackRock Inc. boosted its stake 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. State Street Corp boosted its stake in shares of The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares during the last quarter. FMR LLC boosted its stake 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. Finally, AQR Capital Management LLC boosted its stake in shares of The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

The Travelers Companies, Inc. (NYSE TRV) opened at 119.90 on Friday. The stock’s 50 day moving average is $126.78 and its 200 day moving average is $123.97. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The stock has a market capitalization of $33.09 billion, a price-to-earnings ratio of 11.94 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the firm earned $2.20 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post $8.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.40%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

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A number of equities research analysts recently commented on TRV shares. MKM Partners reissued a “neutral” rating and issued a $130.00 price objective (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a research note on Monday, May 22nd. Citigroup Inc. reaffirmed a “buy” rating and set a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Barclays PLC raised their price target on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a research note on Thursday, May 25th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The Travelers Companies presently has an average rating of “Hold” and a consensus target price of $124.65.

In other news, EVP Michael Frederick Klein sold 10,051 shares of The Travelers Companies stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total transaction of $1,281,200.97. Following the completion of the sale, the executive vice president now directly owns 1,542 shares in the company, valued at approximately $196,558.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 16,566 shares of The Travelers Companies 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 sale, the insider now owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 161,431 shares of company stock worth $20,630,217. Company insiders own 0.82% of the company’s stock.

The Travelers Companies Company 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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