Tompkins Financial Corp raised its position in shares of The Travelers Cos. (NYSE:TRV) by 0.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 21,382 shares of the company’s stock after buying an additional 4 shares during the period. Tompkins Financial Corp’s holdings in The Travelers Cos. were worth $2,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Canandaigua National Bank & Trust Co. boosted its stake in shares of The Travelers Cos. by 8.7% in the third quarter. Canandaigua National Bank & Trust Co. now owns 18,528 shares of the company’s stock valued at $2,122,000 after buying an additional 1,480 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of The Travelers Cos. by 0.8% in the third quarter. Nisa Investment Advisors LLC now owns 155,180 shares of the company’s stock valued at $17,776,000 after buying an additional 1,170 shares in the last quarter. CenturyLink Investment Management Co boosted its stake in shares of The Travelers Cos. by 0.3% in the third quarter. CenturyLink Investment Management Co now owns 16,389 shares of the company’s stock valued at $1,877,000 after buying an additional 48 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of The Travelers Cos. by 3.6% in the third quarter. Capstone Asset Management Co. now owns 39,761 shares of the company’s stock valued at $4,555,000 after buying an additional 1,390 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in shares of The Travelers Cos. by 31.0% in the third quarter. Atria Investments LLC now owns 18,209 shares of the company’s stock valued at $2,086,000 after buying an additional 4,307 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of The Travelers Cos. (NYSE:TRV) traded down 0.31% during midday trading on Wednesday, hitting $113.35. 2,756,400 shares of the stock traded hands. The stock has a market capitalization of $32.20 billion, a P/E ratio of 11.50 and a beta of 1.03. The firm has a 50-day moving average price of $110.70 and a 200-day moving average price of $114.38. The Travelers Cos. has a 52 week low of $101.23 and a 52 week high of $119.32.

The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 20th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.13. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.37 billion. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 EPS. On average, equities analysts predict that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, December 7th. The Travelers Cos.’s dividend payout ratio (DPR) is presently 27.29%.

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A number of equities analysts have recently issued reports on TRV shares. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “hold” rating and set a $111.00 target price on shares of The Travelers Cos. in a research report on Tuesday, August 23rd. Citigroup Inc. upped their target price on shares of The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 11th. Barclays PLC reiterated an “equal weight” rating and set a $109.00 target price (up from $105.00) on shares of The Travelers Cos. in a research report on Saturday, October 1st. Finally, William Blair lowered shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $117.64.

In related news, Vice Chairman William H. Heyman sold 1,000 shares of The Travelers Cos. stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $114.00, for a total transaction of $114,000.00. Following the sale, the insider now directly owns 229,254 shares of the company’s stock, valued at approximately $26,134,956. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip T. Ruegger III purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average cost of $107.19 per share, for a total transaction of $214,380.00. Following the completion of the acquisition, the director now directly owns 22,443 shares in the company, valued at approximately $2,405,665.17. The disclosure for this purchase can be found here. Corporate insiders own 1.34% of the company’s stock.

The Travelers Cos. Company Profile

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

5 Day Chart for NYSE:TRV

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