Aware Super Pty Ltd as trustee of Aware Super Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 98,883 shares of the insurance provider's stock, valued at approximately $23,820,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Yoffe Investment Management LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth about $1,202,000. Elevate Capital Advisors LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $4,627,000. Erste Asset Management GmbH boosted its holdings in shares of Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after acquiring an additional 100 shares during the period. Franklin Resources Inc. grew its position in shares of Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRV. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Jefferies Financial Group upped their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $3.57 during midday trading on Friday, reaching $256.05. 1,682,102 shares of the company were exchanged, compared to its average volume of 1,288,744. The stock's 50-day moving average price is $252.42 and its 200-day moving average price is $249.36. The stock has a market cap of $58.05 billion, a P/E ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter last year, the business earned $4.69 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Travelers Companies Company 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.