Quadrature Capital Ltd Acquires 30,781 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Quadrature Capital Ltd boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 660.1% during the first quarter, Holdings Channel reports. The fund owned 35,444 shares of the insurance provider’s stock after acquiring an additional 30,781 shares during the period. Quadrature Capital Ltd’s holdings in Travelers Companies were worth $8,157,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Northwest Financial Advisors acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at $42,000. Tributary Capital Management LLC bought a new position in Travelers Companies in the 1st quarter valued at $45,000. MCF Advisors LLC increased its stake in shares of Travelers Companies by 53.8% in the 1st quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock valued at $47,000 after buying an additional 71 shares during the period. Finally, Private Wealth Management Group LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth $39,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 2.2 %

Shares of NYSE:TRV traded up $4.62 during trading on Friday, hitting $213.85. 1,220,457 shares of the company’s stock traded hands, compared to its average volume of 1,269,819. The company has a 50-day moving average price of $209.68 and a 200-day moving average price of $214.40. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market cap of $48.74 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the previous year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.15 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 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 1.96%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insiders Place Their Bets

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TRV shares. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and decreased their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. Jefferies Financial Group cut their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Evercore ISI reduced their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $220.94.

Travelers Companies 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.