The Travelers Companies, Inc. $TRV Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 583,391 shares of the insurance provider's stock after buying an additional 10,314 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Travelers Companies worth $166,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRV. Osterweis Capital Management Inc. raised its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after purchasing an additional 91 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its position in Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 55 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies during the 4th quarter worth $28,000. eCIO Inc. bought a new position in Travelers Companies during the 4th quarter worth $37,000. Finally, Optima Capital LLC acquired a new stake in Travelers Companies in the fourth quarter worth $38,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

TRV has been the subject of several recent research reports. Mizuho lowered their price target on shares of Travelers Companies from $315.00 to $304.00 and set a "neutral" rating for the company in a research report on Thursday, January 22nd. Cantor Fitzgerald lifted their price objective on shares of Travelers Companies from $316.00 to $319.00 and gave the company an "overweight" rating in a research report on Monday, February 2nd. Evercore restated an "outperform" rating on shares of Travelers Companies in a research report on Friday, April 17th. Bank of America dropped their price target on shares of Travelers Companies from $259.00 to $257.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $340.00 to $342.00 and gave the stock an "outperform" rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average price target of $309.13.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the completion of the transaction, the executive vice president directly owned 33,638 shares of the company's stock, valued at approximately $10,131,092.84. This trade represents a 22.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the transaction, the executive vice president owned 117,596 shares in the company, valued at approximately $35,366,997. This trade represents a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 47,973 shares of company stock valued at $14,567,246. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

TRV stock opened at $301.83 on Thursday. The company has a market capitalization of $64.18 billion, a P/E ratio of 8.98, a PEG ratio of 2.71 and a beta of 0.50. The company has a 50-day simple moving average of $300.61 and a 200 day simple moving average of $290.23. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to analysts' expectations of $11.11 billion. During the same quarter last year, the company earned $1.91 EPS. Travelers Companies's quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 28.03 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is 13.09%.

Travelers Companies declared that its board has initiated a share repurchase program on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Travelers Companies Company Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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