Quent Capital LLC Buys 43 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Quent Capital LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after acquiring an additional 518,075 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after purchasing an additional 282,884 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Travelers Companies during the third quarter valued at approximately $54,988,000. Finally, Janus Henderson Group PLC boosted its position in shares of Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after purchasing an additional 232,428 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of analyst reports. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company upped their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $260.47.

Insiders Place Their Bets

In other Travelers Companies 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 completion of the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $242.37 on Wednesday. The firm has a market capitalization of $55.02 billion, a P/E ratio of 11.29, a PEG ratio of 1.08 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The business has a fifty day moving average of $244.40 and a 200 day moving average of $240.24.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the company posted $7.01 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. 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 is currently 19.56%.

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.