Mitsubishi UFJ Trust & Banking Corp Purchases 2,208 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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’s holdings in Travelers Companies were worth $39,104,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TRV. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of 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 worth $2,528,000 after acquiring an additional 465 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings 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 period. Ashton Thomas Securities LLC grew its position in Travelers Companies by 27.1% in the 4th quarter. Ashton Thomas Securities LLC now owns 849 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 181 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Travelers Companies by 73.2% during 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 period. Finally, Vanguard Group Inc. raised its position in shares of Travelers Companies by 0.5% during 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 buying an additional 117,108 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.9 %

Shares of Travelers Companies stock opened at $261.73 on Thursday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The stock has a market cap of $59.34 billion, a PE ratio of 12.19, a PEG ratio of 4.65 and a beta of 0.60. The firm has a 50-day moving average of $249.70 and a 200-day moving average of $247.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TRV shares. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets lifted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating 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 target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $260.00.

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.