138,157 Shares in Travelers Companies Inc (TRV) Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. purchased a new position in Travelers Companies Inc (NYSE:TRV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 138,157 shares of the insurance provider’s stock, valued at approximately $16,927,000. Epoch Investment Partners Inc. owned approximately 0.05% of Travelers Companies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bremer Trust National Association boosted its stake in Travelers Companies by 1.5% during the second quarter. Bremer Trust National Association now owns 4,741 shares of the insurance provider’s stock valued at $600,000 after buying an additional 72 shares in the last quarter. Burns J W & Co. Inc. NY boosted its stake in Travelers Companies by 2.4% during the second quarter. Burns J W & Co. Inc. NY now owns 3,417 shares of the insurance provider’s stock valued at $432,000 after buying an additional 80 shares in the last quarter. Capital One National Association boosted its stake in Travelers Companies by 5.3% during the second quarter. Capital One National Association now owns 71,342 shares of the insurance provider’s stock valued at $9,027,000 after buying an additional 3,602 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its stake in Travelers Companies by 14.5% during the second quarter. Dynamic Advisors Solutions LLC now owns 3,310 shares of the insurance provider’s stock valued at $419,000 after buying an additional 420 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in Travelers Companies by 2.9% during the second quarter. Atria Investments LLC now owns 22,690 shares of the insurance provider’s stock valued at $2,871,000 after buying an additional 630 shares in the last quarter. 78.52% of the stock is owned by institutional investors.

Several brokerages recently weighed in on TRV. Goldman Sachs Group began coverage on Travelers Companies in a research note on Monday. They set a “sell” rating and a $124.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $152.00 target price on shares of Travelers Companies in a research note on Wednesday. Citigroup decreased their target price on Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Buckingham Research began coverage on Travelers Companies in a research note on Monday, September 11th. They set a “buy” rating and a $136.00 target price for the company. Finally, Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Travelers Companies has a consensus rating of “Hold” and a consensus price target of $131.71.

Shares of Travelers Companies Inc (TRV) traded up $0.04 during midday trading on Thursday, hitting $135.36. The stock had a trading volume of 1,044,700 shares, compared to its average volume of 1,498,635. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $137.95. The stock has a market capitalization of $37,036.53, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company earned $2.40 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts anticipate that Travelers Companies Inc will post 6.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, December 8th. Travelers Companies’s dividend payout ratio is currently 33.45%.

Travelers Companies announced that its Board of Directors has initiated a stock repurchase program on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

In related news, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the sale, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total value of $2,623,662.36. Following the completion of the sale, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,302 shares of company stock valued at $7,347,753. Company insiders own 0.82% of the company’s stock.

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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.

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

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