Quent Capital LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Quent Capital LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,363 shares of the insurance provider’s stock after buying an additional 43 shares during the quarter. Quent Capital LLC’s holdings in Travelers Companies were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. State Street Corp boosted its stake in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the last quarter. FMR LLC raised its holdings in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. Geode Capital Management LLC raised its holdings in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after purchasing an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Travelers Companies by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after purchasing an additional 10,285 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Travelers Companies by 4.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock valued at $254,169,000 after purchasing an additional 41,683 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

TRV stock opened at $242.37 on Wednesday. The firm has a market cap of $55.02 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.08 and a beta of 0.64. The firm’s fifty day moving average is $244.40 and its 200 day moving average is $240.24. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $7.01 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TRV. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. UBS Group upped their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Bank of America boosted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Finally, Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $260.47.

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.