Quarry LP Has $177,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Quarry LP raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 249.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 869 shares of the insurance provider’s stock after buying an additional 620 shares during the period. Quarry LP’s holdings in Travelers Companies were worth $177,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the first quarter valued at about $35,000. Beacon Capital Management LLC lifted its stake in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth about $42,000. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies in the 1st quarter valued at about $45,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Piper Sandler dropped their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $227.05.

Travelers Companies Stock Performance

NYSE TRV opened at $234.12 on Tuesday. The firm’s fifty day moving average price is $224.19 and its two-hundred day moving average price is $218.22. The stock has a market cap of $53.61 billion, a PE ratio of 17.39, a PEG ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $243.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.79%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.33% of the company’s stock.

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.