Quadcap Wealth Management LLC Sells 180 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Quadcap Wealth Management LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,777 shares of the insurance provider’s stock after selling 180 shares during the period. Quadcap Wealth Management LLC’s holdings in Travelers Companies were worth $1,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership bought a new position in Travelers Companies during the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $30,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $44,000. Finally, Quarry LP increased its holdings in Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 152 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.6%

Shares of TRV opened at $263.25 on Thursday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $273.08. The company has a 50-day moving average of $257.99 and a 200 day moving average of $251.79. The firm has a market capitalization of $59.64 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 4.65 and a beta of 0.53. 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 posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the previous year, the business posted $4.69 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is currently 23.95%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TRV shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. UBS Group reduced their target price on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Barclays cut their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $267.32.

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.