The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Trimmed by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 66.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,278 shares of the insurance provider's stock after selling 28,052 shares during the quarter. Quadrature Capital Ltd's holdings in Travelers Companies were worth $3,343,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TRV. FMR LLC lifted 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 valued at $3,289,079,000 after buying an additional 1,568,909 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock valued at $176,589,000 after buying an additional 678,241 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock valued at $121,811,000 after buying an additional 518,075 shares during the period. Bank of Montreal Can raised its holdings in Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after purchasing an additional 282,884 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Travelers Companies during the third quarter worth $54,988,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.8 %

Travelers Companies stock traded down $2.11 during midday trading on Friday, reaching $261.15. The stock had a trading volume of 1,086,485 shares, compared to its average volume of 1,301,717. The Travelers Companies, Inc. has a twelve month low of $180.44 and a twelve month high of $269.55. The stock has a market capitalization of $59.29 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock's 50-day simple moving average is $251.30 and its 200 day simple moving average is $228.81.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. The firm 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 revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio is presently 21.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America lifted their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. The Goldman Sachs Group lifted their price objective on Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a report on Tuesday, October 22nd. UBS Group lifted their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and an average price target of $251.15.

Insiders Place Their Bets

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business'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 owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last quarter. 1.33% of the stock is owned by corporate insiders.

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.