Quad Cities Investment Group LLC Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

Quad Cities Investment Group LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,152 shares of the insurance provider’s stock, valued at approximately $504,000.

A number of other institutional investors also recently modified their holdings of the company. Patton Fund Management Inc. bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $6,020,000. nVerses Capital LLC lifted its stake in Travelers Companies by 75.0% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the insurance provider’s stock valued at $983,000 after buying an additional 1,800 shares during the period. Naviter Wealth LLC acquired a new position in shares of Travelers Companies during the 3rd quarter valued at $203,000. Ironwood Financial llc acquired a new position in shares of Travelers Companies during the third quarter valued at about $213,000. Finally, Culbertson A N & Co. Inc. boosted its holdings in Travelers Companies by 1.7% in the third quarter. Culbertson A N & Co. Inc. now owns 20,583 shares of the insurance provider’s stock worth $4,819,000 after acquiring an additional 343 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TRV. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Bank of America increased their price target on Travelers Companies from $223.00 to $241.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Barclays began coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley cut their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $231.63.

Travelers Companies Stock Up 7.3 %

Shares of NYSE:TRV traded up $17.73 on Thursday, hitting $260.68. 1,081,268 shares of the company traded hands, compared to its average volume of 1,309,118. The company has a market cap of $59.42 billion, a PE ratio of 16.38, a PEG ratio of 1.26 and a beta of 0.62. The stock has a 50 day simple moving average of $229.76 and a 200-day simple moving average of $219.07. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $262.50. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.09 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.61%. Travelers Companies’s dividend payout ratio is 26.55%.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.33% of the company’s stock.

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.