Vigilant Capital Management LLC boosted its position in Travelers Companies Inc (NYSE:TRV) by 20.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,346 shares of the insurance provider’s stock after acquiring an additional 394 shares during the period. Vigilant Capital Management LLC’s holdings in Travelers Companies were worth $351,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Comerica Securities Inc. lifted its holdings in shares of Travelers Companies by 22.5% in the 4th quarter. Comerica Securities Inc. now owns 10,568 shares of the insurance provider’s stock worth $1,266,000 after purchasing an additional 1,944 shares during the last quarter. Geode Capital Management LLC raised its stake in Travelers Companies by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 3,226,157 shares of the insurance provider’s stock valued at $385,607,000 after acquiring an additional 203,345 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Travelers Companies by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,813 shares of the insurance provider’s stock valued at $1,415,000 after acquiring an additional 208 shares in the last quarter. Global Retirement Partners LLC raised its stake in Travelers Companies by 120.5% during the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 135 shares in the last quarter. Finally, Financial Advocates Investment Management raised its stake in Travelers Companies by 225.1% during the 4th quarter. Financial Advocates Investment Management now owns 1,011 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 80.59% of the company’s stock.

Several analysts have weighed in on TRV shares. Keefe, Bruyette & Woods downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 target price on the stock. in a research note on Wednesday, June 5th. Royal Bank of Canada raised Freeport-McMoRan from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $12.00 to $14.00 in a research note on Wednesday, July 24th. UBS Group lifted their price target on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Buckingham Research lifted their price target on Hartford Financial Services Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Barclays set a $34.00 price target on DCP Midstream and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $147.65.

In related news, Vice Chairman Jay S. Benet sold 57,800 shares of Travelers Companies stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $143.50, for a total transaction of $8,294,300.00. Following the completion of the sale, the insider now owns 143,666 shares of the company’s stock, valued at $20,616,071. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 12,500 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $143.00, for a total value of $1,787,500.00. The disclosure for this sale can be found here. Insiders have sold 141,850 shares of company stock worth $20,432,513 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Shares of NYSE TRV traded down $1.38 during mid-day trading on Tuesday, reaching $147.36. The company had a trading volume of 54,668 shares, compared to its average volume of 947,506. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $39.04 billion, a PE ratio of 16.51, a PEG ratio of 1.42 and a beta of 0.96. The business has a 50-day moving average price of $151.26. Travelers Companies Inc has a 1-year low of $111.08 and a 1-year high of $155.09.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share 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 business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Travelers Companies Inc will post 10.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.23%. Travelers Companies’s dividend payout ratio is 36.69%.

About Travelers Companies

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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