The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Korea Investment CORP

Korea Investment CORP raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 165,931 shares of the insurance provider's stock after buying an additional 2,163 shares during the period. Korea Investment CORP owned about 0.07% of Travelers Companies worth $39,971,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth $37,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the third quarter worth $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $44,000. Finally, Providence First Trust Co purchased a new position in shares of Travelers Companies in the fourth quarter worth about $48,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.0 %

Travelers Companies stock traded up $0.05 during mid-day trading on Tuesday, reaching $264.51. 999,854 shares of the company's stock were exchanged, compared to its average volume of 1,278,333. 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 twelve month low of $200.21 and a twelve month high of $269.56. The company has a market cap of $59.97 billion, a P/E ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a fifty day moving average of $251.56 and a 200-day moving average of $248.47.

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Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business posted $7.01 earnings per share. Travelers Companies's revenue was up 9.9% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. 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 research report on Friday, January 24th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Piper Sandler upgraded 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 report on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $260.00.

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.