QRG Capital Management Inc. Buys 10,854 Shares of The Travelers Companies, Inc. $TRV

QRG Capital Management Inc. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,504 shares of the insurance provider’s stock after purchasing an additional 10,854 shares during the quarter. QRG Capital Management Inc. owned approximately 0.05% of Travelers Companies worth $30,367,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies during the fourth quarter worth about $276,000. RFG Advisory LLC bought a new stake in Travelers Companies in the 1st quarter worth about $230,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Travelers Companies by 37.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 753 shares of the insurance provider’s stock valued at $199,000 after buying an additional 204 shares during the last quarter. Finally, Retirement Planning Group LLC increased its stake in Travelers Companies by 44.8% in the 1st quarter. Retirement Planning Group LLC now owns 1,303 shares of the insurance provider’s stock valued at $345,000 after buying an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.7%

TRV stock opened at $284.93 on Friday. The stock has a fifty day moving average of $271.60 and a 200-day moving average of $265.45. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $286.17. The company has a market capitalization of $64.15 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TRV shares. Wolfe Research started coverage on Travelers Companies in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday. UBS Group upped their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, Barclays downgraded shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $280.00 to $274.00 in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $284.56.

Insider Buying and Selling

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Travelers Companies 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.