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

QRG Capital Management Inc. boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,866 shares of the insurance provider's stock after purchasing 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 quarter.

Other large investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the third quarter valued at $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the 4th quarter valued at $44,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc raised its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after buying an additional 215 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TRV shares. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets lifted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $261.05.

Travelers Companies Stock Performance

TRV stock traded up $2.28 during mid-day trading on Monday, reaching $260.77. 1,573,368 shares of the stock traded hands, compared to its average volume of 1,350,344. The firm has a market capitalization of $59.12 billion, a PE ratio of 12.15, a P/E/G ratio of 4.65 and a beta of 0.64. The business has a 50-day moving average of $243.21 and a two-hundred day moving average of $243.41. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.01 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. 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.