AQR Capital Management LLC Has $233.77 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

AQR Capital Management LLC lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,150,213 shares of the insurance provider’s stock after acquiring an additional 85,619 shares during the period. AQR Capital Management LLC owned approximately 0.50% of Travelers Companies worth $233,769,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the 2nd quarter worth $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC grew its stake in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at about $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Bank of America upped their price objective on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Citigroup lifted their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $227.05.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $236.31 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The business’s 50 day simple moving average is $222.34 and its 200 day simple moving average is $217.81. The stock has a market capitalization of $53.86 billion, a PE ratio of 17.56, a PEG ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

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.