Mitsubishi UFJ Asset Management Co. Ltd. Has $115.57 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 476,991 shares of the insurance provider's stock after buying an additional 29,301 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Travelers Companies worth $115,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Korea Investment CORP boosted its holdings in shares of Travelers Companies by 1.3% in the 4th quarter. Korea Investment CORP now owns 165,931 shares of the insurance provider's stock valued at $39,971,000 after buying an additional 2,163 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $867,000. Financial Engines Advisors L.L.C. boosted its stake in shares of Travelers Companies by 107.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 3,031 shares of the insurance provider's stock worth $730,000 after acquiring an additional 1,572 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $71,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Travelers Companies by 1.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 162,331 shares of the insurance provider's stock valued at $39,104,000 after acquiring an additional 2,208 shares during the period. 82.45% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

TRV has been the subject of a number of research analyst reports. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and upped their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Barclays increased their target price on 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, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $260.00.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $0.05 during trading hours on Tuesday, hitting $264.51. 999,854 shares of the stock were exchanged, compared to its average volume of 1,278,333. The company's fifty day simple moving average is $251.56 and its two-hundred day simple moving average is $248.47. The company has a market cap of $59.97 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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 for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the business posted $7.01 EPS. The company's revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

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.