QRG Capital Management Inc. Buys 1,097 Shares of The Travelers Companies, Inc. (NYSE:TRV)

QRG Capital Management Inc. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,845 shares of the insurance provider’s stock after purchasing an additional 1,097 shares during the quarter. QRG Capital Management Inc.’s holdings in Travelers Companies were worth $11,152,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRV. Northwest Financial Advisors bought a new stake in Travelers Companies in the 4th quarter valued at $32,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the 1st quarter worth about $35,000. Beacon Capital Management LLC increased its stake in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in Travelers Companies during the 4th quarter worth approximately $39,000. Finally, OLD Second National Bank of Aurora bought a new position in shares of Travelers Companies in the 4th quarter worth $41,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE TRV traded up $0.80 during mid-day trading on Friday, hitting $212.48. The stock had a trading volume of 1,112,099 shares, compared to its average volume of 1,376,388. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s 50 day moving average is $209.52 and its 200 day moving average is $215.23. The stock has a market capitalization of $48.43 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.08 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. UBS Group dropped their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Jefferies Financial Group reduced their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Finally, Evercore ISI lowered their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $223.78.

About Travelers Companies

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.