Meiji Yasuda Asset Management Co Ltd. Purchases 465 Shares of The Travelers Companies, Inc. (NYSE:TRV)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies in the 4th quarter valued at about $37,000. True Wealth Design LLC bought a new stake in Travelers Companies in the 3rd quarter valued at about $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Finally, Providence First Trust Co bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $48,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV stock opened at $259.50 on Wednesday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a market cap of $58.84 billion, a P/E ratio of 12.09, a P/E/G ratio of 4.65 and a beta of 0.60. The firm 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.

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

Travelers Companies Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have weighed in on TRV. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Finally, HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Monday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.