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

QRG Capital Management Inc. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,497 shares of the insurance provider’s stock after purchasing an additional 7,858 shares during the period. QRG Capital Management Inc.’s holdings in Travelers Companies were worth $18,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its position in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Osterweis Capital Management Inc. increased its stake in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $28,000. Finally, Entrust Financial LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $31,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $341.65 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $342.31. The firm’s 50 day moving average is $306.77 and its two-hundred day moving average is $298.09. The firm has a market capitalization of $72.65 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the previous year, the firm earned $1.91 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Research analysts forecast that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.5%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,573 shares of company stock valued at $11,504,146 over the last quarter. 1.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Piper Sandler increased their target price on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Brean Capital started coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $309.07.

About Travelers Companies

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.