The Travelers Companies, Inc. (NYSE:TRV) Stake Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,331 shares of the insurance provider’s stock after purchasing an additional 2,208 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Travelers Companies worth $39,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Travelers Companies by 4.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,494 shares of the insurance provider’s stock valued at $2,528,000 after buying an additional 465 shares during the last quarter. Zions Bancorporation N.A. lifted its position in Travelers Companies by 48.3% in the 4th quarter. Zions Bancorporation N.A. now owns 4,190 shares of the insurance provider’s stock valued at $1,009,000 after purchasing an additional 1,364 shares during the last quarter. Ashton Thomas Securities LLC boosted its stake in Travelers Companies by 27.1% during the 4th quarter. Ashton Thomas Securities LLC now owns 849 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 181 shares during the period. Prudential Financial Inc. grew its position in Travelers Companies by 73.2% in the 4th quarter. Prudential Financial Inc. now owns 269,995 shares of the insurance provider’s stock worth $65,039,000 after purchasing an additional 114,095 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Monday. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets boosted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Performance

Shares of TRV stock opened at $261.73 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The stock’s 50-day moving average is $249.70 and its two-hundred day moving average is $247.64. 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 firm has a market cap of $59.34 billion, a P/E ratio of 12.19, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $7.01 EPS. Analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.