Asset Management One Co. Ltd. Purchases 2,693 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Asset Management One Co. Ltd. lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,954 shares of the insurance provider's stock after acquiring an additional 2,693 shares during the quarter. Asset Management One Co. Ltd. owned 0.08% of Travelers Companies worth $50,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after acquiring an additional 117,108 shares in the last quarter. FMR LLC raised its holdings in shares of Travelers Companies by 1.6% in the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after acquiring an additional 229,160 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Travelers Companies by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after acquiring an additional 182,270 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after acquiring an additional 70,036 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TRV. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $271.11.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider now owns 255,086 shares of the company's stock, valued at $70,021,107. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer now directly owns 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 in the last 90 days. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $267.59 on Tuesday. The business's 50 day moving average price is $266.53 and its 200 day moving average price is $254.18. The firm has a market cap of $60.44 billion, a P/E ratio of 14.57, a P/E/G ratio of 3.87 and a beta of 0.53. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

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.

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