Resona Asset Management Co. Ltd. Buys Shares of 84,639 The Travelers Companies, Inc. (NYSE:TRV)

Resona Asset Management Co. Ltd. purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 84,639 shares of the insurance provider’s stock, valued at approximately $20,394,000.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of Travelers Companies by 0.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,544 shares of the insurance provider’s stock worth $1,532,000 after buying an additional 52 shares during the period. Quantinno Capital Management LP increased its stake in Travelers Companies by 34.9% in the third quarter. Quantinno Capital Management LP now owns 13,232 shares of the insurance provider’s stock valued at $3,098,000 after purchasing an additional 3,422 shares in the last quarter. Stifel Financial Corp increased its stake in Travelers Companies by 2.7% in the third quarter. Stifel Financial Corp now owns 172,533 shares of the insurance provider’s stock valued at $40,394,000 after purchasing an additional 4,583 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Travelers Companies by 57.0% in the third quarter. Two Sigma Advisers LP now owns 82,100 shares of the insurance provider’s stock worth $19,221,000 after purchasing an additional 29,800 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of Travelers Companies during the third quarter worth $1,971,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Down 7.8 %

NYSE TRV opened at $242.64 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. 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 stock has a 50 day moving average of $252.38 and a 200-day moving average of $248.74. The company has a market cap of $55.01 billion, a PE ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $7.01 earnings per share. On average, equities research 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. Investors of record on Monday, March 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Analysts Set New Price Targets

Several brokerages recently commented on TRV. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $260.00.

About Travelers Companies

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.