Quantbot Technologies LP Makes New $3.55 Million Investment in The Travelers Companies, Inc. $TRV

Quantbot Technologies LP acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,106 shares of the insurance provider’s stock, valued at approximately $3,551,000.

A number of other large investors have also recently made changes to their positions in TRV. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Travelers Companies in the 4th quarter valued at $24,167,000. Rit Capital Partners PLC acquired a new stake in Travelers Companies during the 4th quarter worth $39,450,000. UBS Group AG raised its stake in Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after acquiring an additional 89,159 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in Travelers Companies by 34.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider’s stock valued at $3,794,000 after acquiring an additional 3,342 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its position in Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after acquiring an additional 19,347 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.1%

Travelers Companies stock opened at $363.83 on Monday. The stock has a 50 day moving average of $352.28 and a two-hundred day moving average of $318.35. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock 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.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the company posted $6.51 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. The trade was a 11.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on TRV shares. Piper Sandler raised their price objective on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Roth Capital boosted their target price on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Bank of America upped their target price on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. Weiss Ratings upgraded Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Finally, Mizuho lifted their price target on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Company 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.