Quantinno Capital Management LP Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Quantinno Capital Management LP lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 48.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,629 shares of the insurance provider’s stock after buying an additional 6,397 shares during the period. Quantinno Capital Management LP’s holdings in Travelers Companies were worth $4,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after acquiring an additional 41 shares in the last quarter. Quent Capital LLC raised its holdings in Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 43 shares in the last quarter. Somerset Trust Co lifted its position in Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 45 shares during the period. Lake Street Advisors Group LLC boosted its holdings in Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after purchasing an additional 46 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. increased its position in Travelers Companies by 2.2% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 2,196 shares of the insurance provider’s stock worth $529,000 after purchasing an additional 47 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Evercore ISI upped 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. Finally, Keefe, Bruyette & Woods raised 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 equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $267.32.

Travelers Companies Stock Up 1.0%

TRV stock opened at $273.57 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50 day simple moving average is $258.66 and its 200-day simple moving average is $252.10. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $273.89. The firm has a market capitalization of $61.98 billion, a PE ratio of 12.74, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. 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 (DPR) is currently 23.95%.

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.