The Travelers Companies, Inc. (NYSE:TRV) Stock Position Reduced by Quadrature Capital Ltd

Quadrature Capital Ltd decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 66.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,278 shares of the insurance provider’s stock after selling 28,052 shares during the quarter. Quadrature Capital Ltd’s holdings in Travelers Companies were worth $3,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC bought a new stake in Travelers Companies in the third quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the 3rd quarter worth $50,000. Finally, Salomon & Ludwin LLC increased its stake in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRV. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Royal Bank of Canada upped their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Roth Mkm upped their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $251.15.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $263.31 on Friday. The firm has a market capitalization of $59.78 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.24 and a beta of 0.63. The Travelers Companies, Inc. has a one year low of $180.44 and a one year high of $269.55. The business has a fifty day simple moving average of $251.30 and a 200 day simple moving average of $228.81. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Company 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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.