Gotham Asset Management LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 48.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,293 shares of the insurance provider’s stock after selling 2,178 shares during the period. Gotham Asset Management LLC’s holdings in The Travelers Companies were worth $290,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. increased its stake in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 686 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in The Travelers Companies by 3.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares in the last quarter. Finally, Omnia Family Wealth LLC increased its stake in The Travelers Companies by 4.7% in the second quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 77.40% of the company’s stock.

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In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $32,134,140.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $127.77, for a total transaction of $705,034.86. Following the sale, the insider now owns 82,824 shares of the company’s stock, valued at $10,582,422.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,805 shares of company stock valued at $13,982,251. 0.82% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of The Travelers Companies to $140.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup Inc. lifted their price target on shares of The Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley lifted their price target on shares of The Travelers Companies from $119.00 to $124.00 and gave the company an “underweight” rating in a research note on Friday. Wells Fargo & Company set a $125.00 price target on shares of The Travelers Companies and gave the company a “hold” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods raised shares of The Travelers Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $126.95.

Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 133.32 on Monday. The company has a market capitalization of $36.79 billion, a P/E ratio of 13.28 and a beta of 1.20. The stock’s 50 day moving average is $123.39 and its 200 day moving average is $124.33. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $134.11.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.40 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post $7.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.16%. The Travelers Companies’s dividend payout ratio is currently 33.45%.

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

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.

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

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