Tokio Marine Asset Management Co. Ltd. Has $1.40 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Tokio Marine Asset Management Co. Ltd. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,966 shares of the insurance provider’s stock after buying an additional 396 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Travelers Companies were worth $1,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. Curi RMB Capital LLC acquired a new position in shares of Travelers Companies during the third quarter valued at $460,000. Zions Bancorporation N.A. increased its holdings in shares of Travelers Companies by 21.2% in the third quarter. Zions Bancorporation N.A. now owns 2,826 shares of the insurance provider’s stock worth $662,000 after acquiring an additional 495 shares in the last quarter. Arjuna Capital acquired a new position in shares of Travelers Companies in the third quarter valued at approximately $4,904,000. Oppenheimer Asset Management Inc. raised its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 80,758 shares of the insurance provider’s stock valued at $18,907,000 after purchasing an additional 1,823 shares during the period. Finally, MQS Management LLC lifted its holdings in shares of Travelers Companies by 3.4% in the third quarter. MQS Management LLC now owns 1,935 shares of the insurance provider’s stock valued at $453,000 after purchasing an additional 63 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV opened at $260.82 on Friday. The Travelers Companies, Inc. has a one year low of $169.18 and a one year high of $269.55. The company has a market cap of $59.21 billion, a PE ratio of 13.38, a P/E/G ratio of 1.23 and a beta of 0.62. The stock has a 50-day moving average of $243.91 and a 200-day moving average of $223.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, equities research analysts predict that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.61%. Travelers Companies’s payout ratio is 21.54%.

Analysts Set New Price Targets

TRV has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. UBS Group raised their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Piper Sandler lowered their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $247.90.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,999 shares of company stock worth $16,580,166. Insiders own 1.33% of the company’s stock.

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.