Quantinno Capital Management LP Acquires 6,397 Shares of The Travelers Companies, Inc. (NYSE:TRV)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after buying an additional 2,466,098 shares during the last quarter. Norges Bank acquired a new position in Travelers Companies during the 4th quarter worth approximately $560,918,000. Balyasny Asset Management L.P. grew its stake in shares of Travelers Companies by 153.8% during 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 buying an additional 907,266 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth $138,619,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Travelers Companies in the 4th quarter valued at $96,012,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.9%

Shares of NYSE:TRV traded down $2.46 during mid-day trading on Wednesday, hitting $271.25. The company had a trading volume of 797,342 shares, compared to its average volume of 1,289,556. 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 Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $275.03. The firm has a fifty day moving average price of $259.45 and a 200 day moving average price of $252.50. The company has a market capitalization of $61.46 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm 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 previous year, the firm posted $4.69 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.62%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is presently 23.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TRV shares. Morgan Stanley upped their target price on Travelers Companies from $245.00 to $269.00 and gave the stock an "equal weight" rating in a report on Monday. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lifted their price target 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. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average price target of $270.42.

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.