The Travelers Companies, Inc. (NYSE:TRV) Stake Boosted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,167 shares of the insurance provider’s stock after purchasing an additional 201 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Travelers Companies were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after acquiring an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at $54,988,000. Finally, Janus Henderson Group PLC lifted its position in shares of Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after acquiring an additional 232,428 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TRV shares. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Roth Mkm boosted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $260.47.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.2 %

Shares of TRV opened at $244.60 on Tuesday. The stock has a market cap of $55.53 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.07 and a beta of 0.64. The company has a 50-day moving average price of $246.75 and a two-hundred day moving average price of $238.72. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $7.01 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 20.6 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio 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.