QRG Capital Management Inc. Acquires 14,332 Shares of The Travelers Companies, Inc. (NYSE:TRV)

QRG Capital Management Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,866 shares of the insurance provider’s stock after buying an additional 14,332 shares during the quarter. QRG Capital Management Inc.’s holdings in Travelers Companies were worth $18,516,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in Travelers Companies in the 4th quarter valued at about $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $50,000. Finally, Versant Capital Management Inc grew its holdings in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 1.5 %

Shares of NYSE TRV opened at $248.61 on Thursday. The company has a market capitalization of $56.37 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company’s 50 day moving average price is $242.50 and its 200-day moving average price is $242.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company earned $7.01 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.69%. Travelers Companies’s payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Company 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.