AQR Capital Management LLC Raises Position in The Travelers Companies, Inc. $TRV

AQR Capital Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the second quarter, Holdings Channel.com reports. The firm owned 1,454,118 shares of the insurance provider’s stock after purchasing an additional 22,382 shares during the period. AQR Capital Management LLC’s holdings in Travelers Companies were worth $384,752,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Associated Banc Corp grew its holdings in Travelers Companies by 1.4% in the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after buying an additional 39 shares during the period. Park National Corp OH boosted its position in shares of Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 40 shares during the last quarter. ORG Partners LLC grew its holdings in Travelers Companies by 5.6% in the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 41 shares during the period. Park Place Capital Corp increased its position in Travelers Companies by 33.1% during the second quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 41 shares during the last quarter. Finally, SageView Advisory Group LLC raised its stake in Travelers Companies by 4.9% during the second quarter. SageView Advisory Group LLC now owns 950 shares of the insurance provider’s stock worth $242,000 after purchasing an additional 44 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. This represents a 48.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,860,151.30. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 46,295 shares of company stock valued at $13,011,918. Insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $285.05 on Friday. The firm has a fifty day simple moving average of $279.24 and a 200-day simple moving average of $272.10. The company has a market capitalization of $63.58 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 2.78 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $296.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.24 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRV. Wolfe Research began coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. JPMorgan Chase & Co. upped their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. UBS Group lifted their price objective on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $292.73.

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.