QRG Capital Management Inc. Has $18.52 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

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

A number of other institutional investors also recently modified their holdings of TRV. Proficio Capital Partners LLC bought a new stake in Travelers Companies during the 4th quarter valued at $96,012,000. Mn Services Vermogensbeheer B.V. increased its stake in Travelers Companies by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 90,247 shares of the insurance provider’s stock valued at $21,740,000 after purchasing an additional 1,800 shares in the last quarter. Schnieders Capital Management LLC bought a new stake in Travelers Companies during the 4th quarter valued at $340,000. Harfst & Associates Inc. increased its stake in Travelers Companies by 8.7% during the 4th quarter. Harfst & Associates Inc. now owns 9,691 shares of the insurance provider’s stock valued at $2,334,000 after purchasing an additional 773 shares in the last quarter. Finally, SRN Advisors LLC bought a new stake in Travelers Companies during the 4th quarter valued at $222,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRV. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Trading Down 1.5 %

Shares of Travelers Companies stock opened at $248.61 on Thursday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a market cap of $56.37 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 4.65 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. 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 announced 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 period in the prior year, the firm posted $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Travelers Companies 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.