Signaturefd LLC boosted its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,270 shares of the insurance provider’s stock after purchasing an additional 351 shares during the period. Signaturefd LLC’s holdings in Travelers Companies were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BLB&B Advisors LLC increased its stake in Travelers Companies by 1.5% in the 2nd quarter. BLB&B Advisors LLC now owns 4,788 shares of the insurance provider’s stock valued at $716,000 after buying an additional 70 shares during the period. Glassman Wealth Services increased its stake in shares of Travelers Companies by 2.6% during the 1st quarter. Glassman Wealth Services now owns 2,958 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 74 shares during the last quarter. Baystate Wealth Management LLC increased its stake in shares of Travelers Companies by 24.3% during the 1st quarter. Baystate Wealth Management LLC now owns 389 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 76 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in shares of Travelers Companies by 0.4% during the 1st quarter. First Allied Advisory Services Inc. now owns 18,790 shares of the insurance provider’s stock worth $2,579,000 after purchasing an additional 81 shares during the last quarter. Finally, Associated Banc Corp increased its stake in shares of Travelers Companies by 3.9% during the 1st quarter. Associated Banc Corp now owns 2,207 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 82 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

In related news, Vice Chairman William H. Heyman sold 5,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $150.75, for a total value of $753,750.00. Following the transaction, the insider now directly owns 244,745 shares in the company, valued at approximately $36,895,308.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane D. Bengston sold 6,899 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $147.53, for a total transaction of $1,017,809.47. Following the completion of the transaction, the executive vice president now owns 11,746 shares in the company, valued at $1,732,887.38. The disclosure for this sale can be found here. Insiders sold a total of 41,899 shares of company stock worth $6,189,059 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Shares of TRV traded up $2.38 during mid-day trading on Tuesday, hitting $148.68. 444,658 shares of the company’s stock were exchanged, compared to its average volume of 1,306,588. Travelers Companies Inc has a twelve month low of $111.08 and a twelve month high of $155.09. The firm’s fifty day simple moving average is $150.37. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $38.82 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Travelers Companies Inc will post 10.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $0.82 dividend. The ex-dividend date is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.21%. Travelers Companies’s payout ratio is presently 36.69%.

Several brokerages have recently commented on TRV. Morgan Stanley dropped their price target on shares of Travelers Companies from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price target on shares of Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Deutsche Bank lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price target on the stock. in a research note on Thursday, June 27th. Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Friday, July 19th. Finally, UBS Group increased their price target on shares of Travelers Companies from $146.00 to $152.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $148.55.

Travelers Companies Company Profile

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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