Mitsubishi UFJ Asset Management Co. Ltd. Makes New $205.54 Million Investment in The Travelers Companies, Inc. $TRV

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 622,620 shares of the insurance provider’s stock, valued at approximately $205,539,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.30% of Travelers Companies at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $26,000. HHM Wealth Advisors LLC raised its position in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies during the 4th quarter worth $26,000. Whipplewood Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at $26,000. Finally, Osterweis Capital Management Inc. boosted its position in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

TRV stock opened at $364.50 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $76.03 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The business’s fifty day moving average is $347.35 and its 200-day moving average is $316.08.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.51 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research report on Monday, July 13th. Piper Sandler raised their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Cantor Fitzgerald lifted their price objective on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Finally, Morgan Stanley upped their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $354.26.

Insider Activity at Travelers Companies

In related news, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by company insiders.

About Travelers Companies

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.