Quadrant Capital Group LLC Cuts Position in The Travelers Companies, Inc. (NYSE:TRV)

Quadrant Capital Group LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 18.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,117 shares of the insurance provider’s stock after selling 701 shares during the quarter. Quadrant Capital Group LLC’s holdings in Travelers Companies were worth $541,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in shares of Travelers Companies by 569.0% during the first quarter. Envestnet Asset Management Inc. now owns 2,579,476 shares of the insurance provider’s stock valued at $60,732,000 after purchasing an additional 2,193,923 shares during the period. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $239,875,000. Bahl & Gaynor Inc. grew its position in shares of Travelers Companies by 17,864.0% during the first quarter. Bahl & Gaynor Inc. now owns 698,799 shares of the insurance provider’s stock worth $119,781,000 after buying an additional 694,909 shares in the last quarter. Barclays PLC grew its position in shares of Travelers Companies by 215.5% during the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock worth $159,378,000 after buying an additional 626,837 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after purchasing an additional 539,294 shares during the period. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Andy F. Bessette sold 3,797 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $169.38, for a total transaction of $643,135.86. Following the completion of the transaction, the executive vice president now directly owns 13,005 shares in the company, valued at $2,202,786.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of Travelers Companies from $181.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Jefferies Financial Group dropped their price target on shares of Travelers Companies from $180.00 to $176.00 and set a “hold” rating on the stock in a research report on Friday, October 6th. Morgan Stanley dropped their price target on shares of Travelers Companies from $185.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Wells Fargo & Company cut their price objective on Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Travelers Companies in a report on Wednesday, October 4th. They set a “hold” rating and a $186.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $191.17.

Travelers Companies Trading Up 0.1 %

Shares of NYSE TRV opened at $171.82 on Friday. The stock has a market cap of $39.24 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.52 and a beta of 0.58. The business has a 50 day simple moving average of $165.87 and a 200 day simple moving average of $169.71. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $194.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, October 18th. The insurance provider reported $1.95 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.98). The firm had revenue of $10.50 billion during the quarter, compared to the consensus estimate of $10.42 billion. Travelers Companies had a net margin of 5.45% and a return on equity of 10.41%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. On average, research analysts predict that The Travelers Companies, Inc. will post 11.1 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $4.00 dividend on an annualized basis and a yield of 2.33%. Travelers Companies’s payout ratio is currently 43.29%.

Travelers Companies Profile

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.