QRG Capital Management Inc. Grows Holdings in The Travelers Companies, Inc. $TRV

QRG Capital Management Inc. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 39.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the second quarter valued at about $26,000. Kilter Group LLC acquired a new position in shares of Travelers Companies in the second quarter worth about $26,000. HHM Wealth Advisors LLC lifted its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Travelers Companies in the first quarter valued at about $26,000. Finally, Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the second quarter valued at about $30,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other news, EVP Michael Klein sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 58,667 shares of company stock valued at $21,830,989. 1.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Bank of America raised their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $354.53.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $1.56 during trading hours on Wednesday, reaching $360.45. The company’s stock had a trading volume of 1,856,203 shares, compared to its average volume of 1,687,264. The company’s 50 day simple moving average is $371.72 and its 200 day simple moving average is $329.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The stock has a market cap of $75.18 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 2.49 and a beta of 0.44.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.