The Travelers Companies, Inc. $TRV Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 39.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,892 shares of the insurance provider’s stock after buying an additional 25,395 shares during the quarter. QRG Capital Management Inc.’s holdings in Travelers Companies were worth $29,675,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arbejdsmarkedets Tillaegspension purchased a new stake in Travelers Companies during the fourth quarter valued at $24,167,000. Rit Capital Partners PLC purchased a new position in shares of Travelers Companies in the 4th quarter worth $39,450,000. UBS Group AG increased its holdings in shares of Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after buying an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after buying an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $576,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $369.94 on Thursday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $343.11 and a 200 day moving average price of $314.21. The stock has a market cap of $77.16 billion, a PE ratio of 9.91, a P/E/G ratio of 3.57 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $6.51 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TRV shares. UBS Group increased their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Piper Sandler upped their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $314.00 to $379.00 in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 62,667 shares of company stock valued at $22,688,329. Company insiders own 1.39% of the company’s stock.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.