43,422 Shares in The Travelers Companies, Inc. (TRV) Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 43,422 shares of the insurance provider’s stock, valued at approximately $5,494,000.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its position in The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. increased its position in The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 686 shares in the last quarter. First Personal Financial Services increased its position in The Travelers Companies by 133.3% during the 1st quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 508 shares in the last quarter. Tradewinds Capital Management LLC increased its position in The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares in the last quarter. Finally, Liberty Capital Management Inc. increased its position in The Travelers Companies by 434.8% during the 2nd quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 77.55% of the company’s stock.

In other The Travelers Companies news, EVP Michael Frederick Klein sold 10,051 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total value of $1,281,200.97. Following the transaction, the executive vice president now directly owns 1,542 shares of the company’s stock, valued at approximately $196,558.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $125.66, for a total value of $693,391.88. Following the completion of the transaction, the insider now directly owns 82,824 shares in the company, valued at $10,407,663.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,395 shares of company stock worth $19,249,559. Insiders own 0.82% of the company’s stock.

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Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 119.97 on Friday. 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 cap of $33.11 billion, a PE ratio of 11.95 and a beta of 1.21. The stock’s 50 day moving average price is $125.29 and its 200-day moving average price is $123.83.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the company earned $2.20 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post $7.64 earnings per share for the current fiscal year.

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

The Travelers Companies declared that its Board of Directors has approved a share buyback plan on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Several research firms have commented on TRV. Zacks Investment Research cut The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. lifted their price target on The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a report on Tuesday, June 27th. Finally, Bank of America Corporation cut The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $120.62 to $129.44 in a report on Monday, June 19th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $126.26.

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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