AQR Capital Management LLC Raises Position in Travelers Companies Inc (NYSE:TRV)

AQR Capital Management LLC increased its position in shares of Travelers Companies Inc (NYSE:TRV) by 29.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,521,527 shares of the insurance provider’s stock after buying an additional 344,032 shares during the quarter. AQR Capital Management LLC owned about 0.58% of Travelers Companies worth $227,499,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Advantage Investment Management LLC purchased a new position in Travelers Companies during the second quarter worth about $25,000. Next Capital Management LLC purchased a new position in Travelers Companies during the second quarter worth about $25,000. Krane Funds Advisors LLC purchased a new position in Travelers Companies during the second quarter worth about $25,000. Virtus ETF Advisers LLC acquired a new position in Travelers Companies during the second quarter worth about $25,000. Finally, Interactive Financial Advisors acquired a new position in Travelers Companies during the first quarter worth about $27,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies stock traded up $1.04 during midday trading on Friday, hitting $142.60. 824,465 shares of the stock were exchanged, compared to its average volume of 1,185,122. The firm has a market cap of $36.79 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $155.09. The company has a 50 day moving average price of $146.57 and a two-hundred day moving average price of $145.97.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the business earned $1.81 earnings per share. Travelers Companies’s revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that Travelers Companies Inc will post 10.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

Several research analysts have weighed in on the stock. Barclays lowered their target price on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Deutsche Bank lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price on the stock. in a research report on Thursday, June 27th. Morgan Stanley lowered their price target on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a research report on Thursday, August 15th. UBS Group increased their price target on shares of Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Travelers Companies has a consensus rating of “Hold” and a consensus target price of $149.08.

In related news, Vice Chairman William H. Heyman sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $149.50, for a total value of $1,121,250.00. Following the sale, the insider now directly owns 242,245 shares in the company, valued at approximately $36,215,627.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 21,972 shares of Travelers Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $146.59, for a total transaction of $3,220,875.48. Following the completion of the transaction, the insider now directly owns 94,588 shares in the company, valued at $13,865,654.92. The disclosure for this sale can be found here. Insiders sold a total of 56,566 shares of company stock valued at $8,347,056 over the last ninety days. Company insiders own 0.73% of the company’s stock.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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