Worldquant Millennium Advisors LLC Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Worldquant Millennium Advisors LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 662.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,160 shares of the insurance provider’s stock after acquiring an additional 80,944 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Travelers Companies were worth $22,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Bank of America Corp DE grew its position in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. Norges Bank bought a new stake in Travelers Companies in the fourth quarter worth $560,918,000. Balyasny Asset Management L.P. lifted its stake in Travelers Companies by 153.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Travelers Companies in the fourth quarter worth $138,619,000. Finally, Proficio Capital Partners LLC bought a new stake in Travelers Companies in the fourth quarter worth $96,012,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 8th. Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Royal Bank of Canada reaffirmed 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, Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $270.42.

Travelers Companies Price Performance

TRV stock opened at $273.68 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $275.03. The company has a market cap of $62.01 billion, a P/E ratio of 12.75, a PEG ratio of 4.65 and a beta of 0.53. The firm has a 50-day moving average of $259.45 and a 200 day moving average of $252.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the firm earned $4.69 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is 23.95%.

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.