U S Global Investors Inc. trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 29.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,140 shares of the insurance provider’s stock after selling 1,760 shares during the period. U S Global Investors Inc.’s holdings in The Travelers Companies were worth $524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. BlackRock Inc. boosted its holdings in The Travelers Companies by 2,395.6% during the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after purchasing an additional 19,585,476 shares in the last quarter. FMR LLC boosted its holdings in The Travelers Companies by 42.1% during the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after purchasing an additional 1,954,573 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in The Travelers Companies by 2,272.4% during the second quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock valued at $186,142,000 after purchasing an additional 1,409,121 shares in the last quarter. FIL Ltd acquired a new stake in The Travelers Companies during the second quarter valued at approximately $161,641,000. Finally, Janus Henderson Group PLC boosted its holdings in The Travelers Companies by 3,559.7% during the second quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock valued at $165,178,000 after purchasing an additional 1,269,774 shares in the last quarter. Hedge funds and other institutional investors own 77.40% of the company’s stock.

A number of equities research analysts have weighed in on TRV shares. Zacks Investment Research downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. lifted their price objective on The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Credit Suisse Group decreased their price objective on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Finally, Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $125.71.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 14,000 shares of The Travelers Companies stock in a transaction on Monday, July 24th. The shares were sold at an average price of $125.79, for a total value of $1,761,060.00. Following the completion of the sale, the insider now directly owns 253,744 shares of the company’s stock, valued at $31,918,457.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the sale, the insider now directly owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold 122,805 shares of company stock valued at $15,743,311 in the last three months. 0.82% of the stock is owned by insiders.

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Shares of The Travelers Companies, Inc. (NYSE TRV) traded up 1.4406% during mid-day trading on Monday, hitting $128.4948. 538,533 shares of the company’s stock traded hands. The firm has a 50-day moving average of $122.17 and a 200 day moving average of $124.01. The company has a market cap of $35.46 billion, a PE ratio of 12.7957 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 Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the business earned $2.20 EPS. The Travelers Companies’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post $7.34 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 7th. The Travelers Companies’s dividend payout ratio is presently 28.77%.

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.

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

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