AQR Capital Management LLC Cuts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

AQR Capital Management LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,154,886 shares of the insurance provider’s stock after selling 26,144 shares during the quarter. AQR Capital Management LLC’s holdings in Travelers Companies were worth $277,935,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC purchased a new stake in Travelers Companies in the 4th quarter valued at about $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Quarry LP grew its holdings in shares of Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 152 shares in the last quarter. Finally, Providence First Trust Co bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $48,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on TRV shares. Barclays reduced their price objective on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Evercore ISI lifted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $267.32.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $261.56 on Tuesday. The company has a 50 day moving average of $254.66 and a 200 day moving average of $250.68. The stock has a market cap of $59.26 billion, a P/E ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. During the same quarter in the previous year, the company earned $4.69 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.68%. Travelers Companies’s payout ratio is presently 23.95%.

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.