QRG Capital Management Inc. Buys 25,395 Shares of The Travelers Companies, Inc. $TRV

QRG Capital Management Inc. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 39.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,892 shares of the insurance provider’s stock after acquiring an additional 25,395 shares during the quarter. QRG Capital Management Inc.’s holdings in Travelers Companies were worth $29,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arbejdsmarkedets Tillaegspension bought a new stake in Travelers Companies during the fourth quarter worth about $24,167,000. Rit Capital Partners PLC bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $39,450,000. UBS Group AG raised its stake in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares in the last quarter. Swiss Life Asset Management Ltd boosted 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 valued at $19,149,000 after buying an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Travelers Companies in the first quarter valued at $576,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.5%

TRV stock opened at $369.94 on Thursday. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a market capitalization of $77.16 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 3.57 and a beta of 0.45. The company’s 50-day simple moving average is $343.11 and its 200 day simple moving average is $314.21. 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 posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm posted $6.51 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given 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 yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Activity

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday, July 20th. Piper Sandler boosted their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Mizuho lifted their target price on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Finally, Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Company 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.