QRG Capital Management Inc. Has $14.55 Million Holdings in The Travelers Companies, Inc. $TRV

QRG Capital Management Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 54.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,091 shares of the insurance provider’s stock after selling 61,413 shares during the period. QRG Capital Management Inc.’s holdings in Travelers Companies were worth $14,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TRV. Osterweis Capital Management Inc. grew its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Missouri Trust & Investment Co boosted its position in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Finally, Quaker Wealth Management LLC increased its holdings in shares of Travelers Companies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 8,920 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president owned 117,596 shares in the company, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the transaction, the insider directly owned 255,086 shares in the company, valued at $73,337,225. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 46,295 shares of company stock worth $13,011,918 in the last ninety days. Corporate insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Travelers Companies from $294.00 to $307.00 and gave the company an “equal weight” rating in a report on Tuesday. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. Morgan Stanley raised their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Finally, Barclays reduced their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $299.69.

Travelers Companies Trading Down 0.9%

TRV opened at $269.03 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $296.85. The firm has a market capitalization of $60.01 billion, a PE ratio of 10.58, a P/E/G ratio of 2.59 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company’s 50-day moving average is $286.41 and its 200 day moving average is $275.25.

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 during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.24 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.