Resona Asset Management Co. Ltd. Buys Shares of 84,639 The Travelers Companies, Inc. (NYSE:TRV)

Resona Asset Management Co. Ltd. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 84,639 shares of the insurance provider’s stock, valued at approximately $20,394,000.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Travelers Companies by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock valued at $1,269,321,000 after buying an additional 182,270 shares during the last quarter. Norges Bank bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $560,918,000. Charles Schwab Investment Management Inc. grew its position in Travelers Companies by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock worth $366,820,000 after buying an additional 26,117 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in Travelers Companies by 4.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider’s stock valued at $286,475,000 after acquiring an additional 51,589 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of TRV stock opened at $242.64 on Friday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $252.38 and its 200-day moving average is $248.74. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.01 EPS. Sell-side 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 was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s payout ratio is 19.56%.

Analysts Set New Price Targets

Several analysts have recently weighed in on TRV shares. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $260.00.

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.