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

Quadrant Capital Group LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordwand Advisors LLC purchased a new position in Travelers Companies in the 1st quarter valued at about $26,000. FWL Investment Management LLC acquired a new stake in Travelers Companies in the 4th quarter valued at about $28,000. RFP Financial Group LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at about $29,000. Northwest Capital Management Inc acquired a new stake in Travelers Companies in the 2nd quarter valued at about $29,000. Finally, Nemes Rush Group LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at about $30,000. 81.12% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE:TRV opened at $171.82 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $39.24 billion, a P/E ratio of 18.60, a PEG ratio of 1.52 and a beta of 0.58. The company has a 50 day moving average price of $165.87 and a 200 day moving average price of $169.71. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $194.51.

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

Travelers Companies Dividend Announcement

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

Insider Buying and Selling

In other Travelers Companies news, EVP Andy F. Bessette sold 3,797 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $169.38, for a total value of $643,135.86. Following the completion of the transaction, the executive vice president now owns 13,005 shares of the company’s stock, valued at approximately $2,202,786.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Travelers Companies in a report on Wednesday, October 4th. They issued a “hold” rating and a $186.00 price objective for the company. Morgan Stanley cut their price objective on shares of Travelers Companies from $185.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Citigroup increased their price objective on shares of Travelers Companies from $181.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Wells Fargo & Company cut their price objective on shares of Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Finally, Oppenheimer started coverage on shares of Travelers Companies in a report on Thursday. They set a “market perform” rating for the company. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $191.17.

About Travelers Companies

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.