Quantitative Investment Management LLC Takes Position in The Travelers Companies, Inc. $TRV

Quantitative Investment Management LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel.com reports. The fund bought 6,510 shares of the insurance provider’s stock, valued at approximately $2,149,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Travelers Companies during the second quarter worth about $6,915,909,000. Legal & General Group Plc acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at about $799,601,000. Bank of America Corp DE acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at about $932,142,000. Norges Bank purchased a new position in Travelers Companies during the 4th quarter worth approximately $723,339,000. Finally, GQG Partners LLC acquired a new position in Travelers Companies during the second quarter worth approximately $789,024,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 1.0%

NYSE TRV opened at $366.31 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $76.40 billion, a P/E ratio of 9.81, a P/E/G ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The firm has a 50-day moving average price of $359.66 and a 200 day moving average price of $321.44.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share 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 company 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 earned $6.51 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on TRV shares. Bank of America lifted their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Barclays upped their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald upped their price target on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Roth Capital increased their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $354.26.

Insider Transactions at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 58,667 shares of company stock valued at $21,830,989. 1.39% of the stock is owned by company insiders.

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.