Resona Asset Management Co. Ltd. Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Resona Asset Management Co. Ltd. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 84,639 shares of the insurance provider's stock, valued at approximately $20,394,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $560,918,000. Raymond James Financial Inc. purchased a new position in Travelers Companies in the fourth quarter valued at about $138,619,000. Proficio Capital Partners LLC purchased a new position in Travelers Companies in the fourth quarter valued at about $96,012,000. Bryn Mawr Capital Management LLC lifted its position in shares of Travelers Companies by 15,056.4% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider's stock valued at $57,394,000 after acquiring an additional 236,686 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Travelers Companies by 148.0% during the 4th quarter. Teacher Retirement System of Texas now owns 334,053 shares of the insurance provider's stock worth $80,470,000 after acquiring an additional 199,340 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 0.9 %

Shares of TRV traded down $2.27 during mid-day trading on Friday, reaching $242.90. The company had a trading volume of 297,641 shares, compared to its average volume of 1,299,178. The stock has a market cap of $55.07 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $251.58 and a 200-day simple moving average of $248.78. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies's dividend payout ratio (DPR) is 19.56%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRV. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Barclays lifted their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. UBS Group reduced their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, 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. Three 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 stock. According to MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $261.89.

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.