Worldquant Millennium Advisors LLC Acquires 80,944 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Worldquant Millennium Advisors LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 662.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,160 shares of the insurance provider's stock after purchasing an additional 80,944 shares during the period. Worldquant Millennium Advisors LLC's holdings in Travelers Companies were worth $22,441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Wealthcare Advisory Partners LLC lifted its holdings in shares of Travelers Companies by 19.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,589 shares of the insurance provider's stock worth $383,000 after acquiring an additional 254 shares during the last quarter. Merit Financial Group LLC raised its position in Travelers Companies by 30.9% during the fourth quarter. Merit Financial Group LLC now owns 5,034 shares of the insurance provider's stock valued at $1,213,000 after purchasing an additional 1,189 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in Travelers Companies by 17.6% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,130 shares of the insurance provider's stock valued at $272,000 after purchasing an additional 169 shares in the last quarter. Grove Bank & Trust lifted its stake in Travelers Companies by 57.5% during the fourth quarter. Grove Bank & Trust now owns 644 shares of the insurance provider's stock worth $155,000 after purchasing an additional 235 shares during the last quarter. Finally, City Holding Co. boosted its holdings in shares of Travelers Companies by 36.1% in the 4th quarter. City Holding Co. now owns 641 shares of the insurance provider's stock worth $154,000 after purchasing an additional 170 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Barclays decreased their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average price target of $270.42.

Travelers Companies Trading Up 0.1%

NYSE:TRV traded up $0.20 during mid-day trading on Monday, reaching $271.28. 832,652 shares of the company's stock traded hands, compared to its average volume of 1,293,613. The company has a 50 day moving average price of $259.99 and a 200-day moving average price of $253.00. The firm has a market capitalization of $61.46 billion, a price-to-earnings ratio of 12.64, 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. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $275.03.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the firm earned $4.69 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.62%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

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.