The Travelers Companies, Inc. $TRV Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,081 shares of the insurance provider’s stock after purchasing an additional 36,736 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of Travelers Companies worth $149,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in shares of Travelers Companies by 5.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,953 shares of the insurance provider’s stock valued at $523,000 after buying an additional 100 shares during the period. Aviva PLC boosted its holdings in Travelers Companies by 7.9% during the 2nd quarter. Aviva PLC now owns 171,228 shares of the insurance provider’s stock valued at $45,810,000 after acquiring an additional 12,581 shares during the period. Los Angeles Capital Management LLC grew its position in Travelers Companies by 252.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,927 shares of the insurance provider’s stock valued at $1,051,000 after acquiring an additional 2,813 shares in the last quarter. RWA Wealth Partners LLC increased its stake in Travelers Companies by 21.5% during the second quarter. RWA Wealth Partners LLC now owns 1,412 shares of the insurance provider’s stock worth $378,000 after purchasing an additional 250 shares during the period. Finally, AGF Management Ltd. lifted its position in shares of Travelers Companies by 2.7% during the second quarter. AGF Management Ltd. now owns 10,986 shares of the insurance provider’s stock worth $2,939,000 after purchasing an additional 288 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,392 shares of company stock worth $13,945,170 over the last 90 days. 1.46% of the stock is owned by insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $279.52 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $274.23 and a 200-day simple moving average of $268.79. The stock has a market cap of $62.35 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $5.24 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is presently 17.30%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRV. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. UBS Group upped their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $291.31.

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.