The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,129 shares of the insurance provider’s stock after selling 491 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Travelers Companies were worth $6,791,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in Travelers Companies during the fourth quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies in the fourth quarter worth about $30,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the 4th quarter worth about $37,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $44,000. Finally, Quarry LP increased its stake in shares of Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 152 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group increased their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. BMO Capital Markets boosted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Barclays decreased their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $267.32.

Travelers Companies Stock Up 3.3%

Shares of NYSE:TRV opened at $271.19 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $258.28 and a two-hundred day moving average of $251.92. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $273.50. The stock has a market cap of $61.44 billion, a P/E ratio of 12.63, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the company posted $4.69 EPS. On average, research 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. Travelers Companies’s payout ratio 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.