QRG Capital Management Inc. Has $27.15 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

QRG Capital Management Inc. raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,650 shares of the insurance provider's stock after purchasing an additional 25,784 shares during the period. QRG Capital Management Inc.'s holdings in Travelers Companies were worth $27,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. Norges Bank bought a new stake in Travelers Companies during the 4th quarter valued at approximately $560,918,000. GAMMA Investing LLC grew its holdings in Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after buying an additional 2,196,426 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after buying an additional 907,266 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $138,619,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of TRV stock traded up $1.64 during trading hours on Monday, reaching $265.11. 1,324,264 shares of the company were exchanged, compared to its average volume of 1,289,070. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $277.83. 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 stock's fifty day moving average is $264.17 and its two-hundred day moving average is $254.07. The company has a market cap of $59.88 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS 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 return on equity of 19.06% and a net margin of 10.77%. During the same period last year, the company earned $4.69 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the transaction, the chief executive officer now owns 262,329 shares of the company's stock, valued at $71,820,433.62. This represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the sale, the insider now directly owns 255,086 shares of the company's stock, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Finally, Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Three equities research 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, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $271.11.

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.