Elo Mutual Pension Insurance Co Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Elo Mutual Pension Insurance Co increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,993 shares of the insurance provider's stock after buying an additional 2,779 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Travelers Companies were worth $5,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after acquiring an additional 117,108 shares in the last quarter. State Street Corp increased its stake in Travelers Companies by 0.8% in the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after purchasing an additional 120,228 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after acquiring an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. raised its position in Travelers Companies by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after buying an additional 26,117 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Travelers Companies by 4.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock valued at $286,475,000 after acquiring an additional 51,589 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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Travelers Companies Trading Down 0.0 %

Shares of NYSE:TRV traded down $0.01 during trading on Tuesday, reaching $264.45. 196,764 shares of the company were exchanged, compared to its average volume of 1,273,343. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The business's fifty day simple moving average is $251.05 and its 200-day simple moving average is $248.29. The firm has a market capitalization of $59.96 billion, a PE ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating 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 previous year, the firm posted $7.01 EPS. The company's revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRV. Wells Fargo & Company upped their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $259.00 to $310.00 in a research note 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.