Mizuho Securities USA LLC Raises Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Mizuho Securities USA LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,516 shares of the insurance provider’s stock after buying an additional 6,736 shares during the period. Mizuho Securities USA LLC’s holdings in Travelers Companies were worth $5,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Travelers Companies by 8.7% during the third quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after purchasing an additional 1,360 shares during the period. Prospera Financial Services Inc increased its stake in Travelers Companies by 61.1% during the third quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock worth $1,109,000 after purchasing an additional 1,794 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in Travelers Companies during the third quarter worth about $405,000. Charles Schwab Investment Management Inc. increased its stake in Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after purchasing an additional 10,285 shares during the period. Finally, Raymond James Trust N.A. increased its stake in Travelers Companies by 3.0% during the third quarter. Raymond James Trust N.A. now owns 16,857 shares of the insurance provider’s stock worth $3,947,000 after purchasing an additional 497 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TRV shares. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

Travelers Companies stock opened at $256.70 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. 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 business has a 50 day simple moving average of $248.29 and a 200-day simple moving average of $247.06. The stock has a market capitalization of $58.20 billion, a PE ratio of 11.96, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business earned $7.01 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 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.