AlphaQuest LLC Buys 4,258 Shares of The Travelers Companies, Inc. $TRV

Key Points

• AlphaQuest LLC increased its holdings in The Travelers Companies, Inc. by 668.4% during the first quarter, owning 4,895 shares valued at approximately $1,295,000.
• Travelers Companies reported earnings per share of $6.51 for the last quarter, significantly exceeding analyst expectations of $3.52, with revenues also surpassing estimates.
• The company declared a quarterly dividend of $1.10, yielding 1.6% annually, set to be paid on September 30th to shareholders of record as of September 10th.

AlphaQuest LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 668.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,895 shares of the insurance provider's stock after acquiring an additional 4,258 shares during the quarter. AlphaQuest LLC's holdings in Travelers Companies were worth $1,295,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Bearing Point Capital LLC increased its position in Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after acquiring an additional 38 shares during the period. Forum Financial Management LP increased its holdings in Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after buying an additional 39 shares during the period. Y.D. More Investments Ltd increased its holdings in Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after buying an additional 39 shares during the period. Smith Salley Wealth Management increased its holdings in Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after buying an additional 44 shares during the period. Finally, Northern Financial Advisors Inc increased its holdings in Travelers Companies by 0.7% in the 1st quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock valued at $1,739,000 after buying an additional 45 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRV. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup began coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $280.00 to $274.00 in a report on Monday, July 7th. Finally, Wells Fargo & Company raised their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $284.56.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,374 shares of company stock worth $47,929,912 over the last ninety days. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

Shares of TRV traded up $1.54 during mid-day trading on Wednesday, reaching $272.43. The company had a trading volume of 807,951 shares, compared to its average volume of 1,334,952. The company's 50 day simple moving average is $263.46 and its 200 day simple moving average is $260.61. The Travelers Companies, Inc. has a 1-year low of $222.21 and a 1-year high of $279.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $61.33 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 3.13 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the company earned $2.51 EPS. The firm's revenue was up 7.4% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's payout ratio is 19.46%.

Travelers Companies Company 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.