Asahi Life Asset Management CO. LTD. Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Asahi Life Asset Management CO. LTD. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,916 shares of the insurance provider’s stock after selling 427 shares during the quarter. Travelers Companies accounts for about 1.3% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 22nd biggest position. Asahi Life Asset Management CO. LTD.’s holdings in Travelers Companies were worth $2,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. YANKCOM Partnership acquired a new position in Travelers Companies in the fourth quarter worth about $27,000. True Wealth Design LLC acquired a new position in Travelers Companies in the third quarter worth about $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the fourth quarter valued at approximately $44,000. Providence First Trust Co acquired a new position in Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the third quarter worth approximately $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

NYSE TRV opened at $258.65 on Friday. The stock has a market capitalization of $58.64 billion, a P/E ratio of 12.05, a P/E/G ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The business’s fifty day moving average is $243.21 and its two-hundred day moving average is $243.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company 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 firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.01 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $261.05.

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.