The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 45.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,516 shares of the insurance provider's stock after purchasing an additional 6,736 shares during the quarter. Mizuho Securities USA LLC's holdings in Travelers Companies were worth $5,183,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Elevate Capital Advisors LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth about $4,627,000. Erste Asset Management GmbH raised its holdings in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after buying an additional 100 shares during the period. Franklin Resources Inc. lifted its stake in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after acquiring an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock valued at $4,248,000 after acquiring an additional 4,665 shares during the last quarter. Finally, Czech National Bank lifted its position 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 last quarter. Institutional investors own 82.45% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, January 24th. BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $260.00.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $0.65 during mid-day trading on Thursday, hitting $262.91. The stock had a trading volume of 910,844 shares, compared to its average volume of 1,183,634. The firm has a market cap of $59.61 billion, a PE ratio of 12.25, a PEG 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 company has a 50 day moving average of $249.70 and a two-hundred day moving average of $247.64. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period last year, the business posted $7.01 earnings per share. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. Travelers Companies's payout ratio is currently 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.