Quad Cities Investment Group LLC Has $583,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Quad Cities Investment Group LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,420 shares of the insurance provider’s stock after acquiring an additional 268 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Travelers Companies were worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRV. LPL Financial LLC grew its stake in Travelers Companies by 7.4% in the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock valued at $36,099,000 after acquiring an additional 12,190 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in Travelers Companies during the 2nd quarter valued at $4,467,000. Rathbones Group PLC increased its stake in Travelers Companies by 29.3% during the 2nd quarter. Rathbones Group PLC now owns 1,508 shares of the insurance provider’s stock valued at $307,000 after purchasing an additional 342 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after buying an additional 165,708 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Travelers Companies by 2.7% during the second quarter. Citizens Financial Group Inc. RI now owns 39,404 shares of the insurance provider’s stock valued at $8,012,000 after buying an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $233.12 on Tuesday. The Travelers Companies, Inc. has a 1 year low of $194.54 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s fifty day moving average price is $250.54 and its two-hundred day moving average price is $235.16. The firm has a market cap of $52.92 billion, a PE ratio of 11.95, a PEG ratio of 1.17 and a beta of 0.65.

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. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, December 10th. Travelers Companies’s payout ratio is currently 21.54%.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TRV shares. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Piper Sandler dropped their target price on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Roth Mkm upped their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. BMO Capital Markets raised their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $254.85.

About Travelers Companies

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.