UniSuper Management Pty Ltd Purchases 2,383 Shares of The Travelers Companies, Inc. (NYSE:TRV)

UniSuper Management Pty Ltd lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,499 shares of the insurance provider's stock after acquiring an additional 2,383 shares during the period. UniSuper Management Pty Ltd's holdings in Travelers Companies were worth $4,215,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Elevate Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $4,627,000. Erste Asset Management GmbH increased its holdings in 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 last quarter. Franklin Resources Inc. increased 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 purchasing an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock valued at $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Czech National Bank boosted its stake in shares of Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after acquiring an additional 2,792 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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Travelers Companies Price Performance

Shares of NYSE:TRV traded down $0.16 during trading on Tuesday, reaching $264.31. The stock had a trading volume of 468,233 shares, compared to its average volume of 1,274,476. The stock has a market capitalization of $59.93 billion, a PE ratio of 12.31, 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. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The business's 50-day moving average price is $251.05 and its 200 day moving average price is $248.29.

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 firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $7.01 EPS. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $1.05 dividend. 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 presently 19.56%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and upped their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $260.00.

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.