Asahi Life Asset Management CO. LTD. Has $2.15 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Asahi Life Asset Management CO. LTD. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,916 shares of the insurance provider’s stock after selling 427 shares during the period. Travelers Companies accounts for 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 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in shares of Travelers Companies during the 4th quarter valued at $27,000. True Wealth Design LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies during the 4th quarter valued at $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies during the 4th quarter valued at $48,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Up 1.5 %

Travelers Companies stock opened at $258.65 on Friday. The company has a market cap of $58.64 billion, a P/E ratio of 12.05, a price-to-earnings-growth 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 company has a fifty day simple moving average of $243.21 and a 200 day simple moving average of $243.20. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm posted $7.01 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.