Meiji Yasuda Asset Management Co Ltd. Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,494 shares of the insurance provider’s stock after buying an additional 465 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Travelers Companies were worth $2,528,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRV. FMR LLC boosted its stake in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth about $138,619,000. Proficio Capital Partners LLC bought a new position in shares of Travelers Companies during the fourth quarter worth about $96,012,000. Bank of Montreal Can increased its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after buying an additional 282,884 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC raised its stake in Travelers Companies by 15,056.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock valued at $57,394,000 after buying an additional 236,686 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $259.50 on Wednesday. The stock has a market cap of $58.84 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The stock has a 50-day moving average of $249.27 and a 200-day moving average of $247.54. 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 one year low of $200.21 and a one year high of $269.56.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the topic of several research analyst reports. Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, 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.