Quantbot Technologies LP Takes $3.55 Million Position in The Travelers Companies, Inc. $TRV

Quantbot Technologies LP acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, HoldingsChannel reports. The fund acquired 16,106 shares of the insurance provider’s stock, valued at approximately $3,551,000.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. BlackRock Inc. purchased a new position in Travelers Companies in the second quarter valued at about $6,915,909,000. Norges Bank purchased a new stake in shares of Travelers Companies during the 4th quarter worth approximately $723,339,000. Bank of New York Mellon Corp acquired a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $469,505,000. Deutsche Bank AG acquired a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Travelers Companies in the 2nd quarter valued at approximately $205,539,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.1%

Shares of TRV stock opened at $363.83 on Monday. The company has a market capitalization of $75.89 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $352.28 and a 200 day moving average price of $318.35. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $6.51 EPS. Research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Insider Activity

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock valued at $22,688,329 in the last 90 days. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRV shares. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. UBS Group raised their price target on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Piper Sandler boosted their price objective on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their target price for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.