Mirae Asset Global Investments Co. Ltd. Purchases 16,423 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mirae Asset Global Investments Co. Ltd. lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,733 shares of the insurance provider's stock after acquiring an additional 16,423 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Travelers Companies were worth $16,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smith Salley & Associates lifted its holdings in Travelers Companies by 78.3% during the fourth quarter. Smith Salley & Associates now owns 10,457 shares of the insurance provider's stock worth $1,992,000 after acquiring an additional 4,591 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Travelers Companies during the 4th quarter valued at about $739,000. Grimes & Company Inc. grew its position in shares of Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider's stock valued at $461,000 after purchasing an additional 53 shares during the period. Venture Visionary Partners LLC grew its position in shares of Travelers Companies by 2.9% in the 4th quarter. Venture Visionary Partners LLC now owns 7,193 shares of the insurance provider's stock valued at $1,370,000 after purchasing an additional 203 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $299,000. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TRV shares. UBS Group upped their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an "underweight" rating in a research note on Monday. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $215.00 to $241.00 and gave the company a "market perform" rating in a research note on Wednesday. Piper Sandler reaffirmed a "neutral" rating and set a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. Finally, Oppenheimer reiterated a "market perform" rating on shares of Travelers Companies in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $211.41.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Paul E. Munson sold 2,121 shares of the business's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. In the last three months, insiders sold 109,775 shares of company stock worth $23,343,903. 1.29% of the stock is owned by company insiders.

Travelers Companies Stock Performance

NYSE TRV traded down $4.00 on Thursday, hitting $220.38. 1,155,583 shares of the stock were exchanged, compared to its average volume of 1,445,500. The company has a market capitalization of $50.49 billion, a PE ratio of 17.23, a P/E/G ratio of 1.21 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The business's fifty day moving average is $221.53 and its 200 day moving average is $194.55. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.10 by $1.91. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The company had revenue of $10.93 billion for the quarter, compared to analysts' expectations of $10.18 billion. During the same period in the prior year, the firm earned $3.40 EPS. Travelers Companies's quarterly revenue was up 13.4% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.69 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.82%. Travelers Companies's payout ratio is 31.27%.

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.