Pettee Investors Inc. Holds Position in The Travelers Companies, Inc. (TRV)

On the close of 06/16/2017 The Travelers Companies, Inc. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services now owns 889 shares of the insurance provider's stock worth $107,000 after buying an additional 508 shares in the last quarter. State Street Corp raised its position in shares of The Travelers Companies by 9.4% in the fourth quarter. The institutional investor purchased 1,460 shares of the insurance provider's stock, valued at approximately $176,000. Company insiders own 0.82% of the company's stock.

The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $129.60. (NYSE:TRV) gained 0.33% with the closing price of $129.44.

The Travelers Companies, Inc. has a 50 day moving average of 122.94 and a 200 day moving average of 120.86.

07/22/2016 - The Travelers Companies, Inc. had its "outperform" rating reiterated by analysts at RBC Capital. Zacks Investment Research's EPS calculations are a mean average based on a survey of analysts that that provide coverage for Travelers Companies. The stock of Travelers Companies Inc (NYSE:TRV) has "Outperform" rating given on Tuesday, January 17 by Macquarie Research. The insurance provider reported $2.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by $0.24. Dodge & Cox sold 4,314 shares as Travelers Cos Inc/The (TRV)'s stock declined 0.95%. This is assuming the current $2.14 EPS is accurate. During the same quarter in the previous year, the company posted $2.33 earnings per share. More interesting news about Travelers Companies Inc (NYSE:TRV) were released by: Nasdaq.com and their article: "The Travelers Companies, Inc".

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be given a dividend of $0.72 per share. The dividend yield will be $2.22. The ex-dividend date will be Wednesday the 7th of June 2017.

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Pettee Investors Inc.'s holdings in The Travelers Companies were worth $202,000 as of its most recent filing with the SEC.

Several brokerages have commented on TRV. Bank of America upgraded the shares of TRV in report on Tuesday, June 28 to "Buy" rating.

11/17/2016 - The Travelers Companies, Inc. was downgraded to "underperform" by analysts at William Blair.

On December 12, 2016 the stock rating was changed to a "Outperform" by BMO Capital a boost from the previous "Market Perform" rating.

The Travelers Companies, Inc. was upgraded to "buy" by analysts at Argus. Citigroup Inc. upped their target price on shares of The Travelers Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Friday, April 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company.

October 11 investment analysts at Citigroup held the company rating at "Neutral" but raised the price target from $113.00 to $123.00. The stock was sold at an average price of $125.21, for a total transaction of $690,908.78.

In other news, Vice Chairman Jay S. Benet sold 5,518 shares of the firm's stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $120.01, for a total value of $10,550,799.16. The overall volume in the last trading session was 2.47 million shares. The disclosure for this sale can be found here. Pinto Daniel E sold $3.40M worth of stock.

Also, if the company has been paying dividends for less than 10 years I don't think the stock is time-tested enough to be considered a "pure dividend stock". The Company's divisions include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.