AQR Capital Management LLC Sells 26,144 Shares of The Travelers Companies, Inc. (NYSE:TRV)

AQR Capital Management LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,154,886 shares of the insurance provider's stock after selling 26,144 shares during the period. AQR Capital Management LLC owned about 0.51% of Travelers Companies worth $277,935,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TRV. Yoffe Investment Management LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $1,202,000. Elevate Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $4,627,000. Erste Asset Management GmbH lifted its position in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after acquiring an additional 100 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after buying an additional 38,515 shares during the period. Finally, Czech National Bank grew its position in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after purchasing an additional 2,792 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Up 2.3 %

Shares of Travelers Companies stock traded up $6.02 during trading on Friday, hitting $267.47. 1,269,953 shares of the company were exchanged, compared to its average volume of 1,288,017. The firm has a market capitalization of $60.60 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The firm's fifty day moving average price is $255.88 and its 200 day moving average price is $251.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the previous year, the firm posted $4.69 earnings per share. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.65%. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Analyst Ratings Changes

TRV has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Finally, Evercore ISI raised their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $267.32.

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.