UniSuper Management Pty Ltd Has $4.22 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

UniSuper Management Pty Ltd lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,499 shares of the insurance provider’s stock after buying an additional 2,383 shares during the period. UniSuper Management Pty Ltd’s holdings in Travelers Companies were worth $4,215,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRV. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at $37,000. True Wealth Design LLC acquired a new position in shares of Travelers Companies during the third quarter valued at about $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies during the fourth quarter worth about $44,000. Finally, Providence First Trust Co acquired a new stake in shares of Travelers Companies in the 4th quarter worth about $48,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, 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 research report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Performance

NYSE TRV opened at $261.86 on Friday. The company’s 50 day moving average is $250.56 and its 200-day moving average is $247.89. The firm has a market cap of $59.37 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (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 business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 1.60%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.