National Pension Service grew its position in Travelers Companies Inc (NYSE:TRV) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,155 shares of the insurance provider’s stock after purchasing an additional 5,021 shares during the quarter. National Pension Service owned approximately 0.14% of Travelers Companies worth $35,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. 1832 Asset Management L.P. raised its holdings in shares of Travelers Companies by 17.4% in the 1st quarter. 1832 Asset Management L.P. now owns 306,621 shares of the insurance provider’s stock valued at $31,537,000 after purchasing an additional 45,484 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of Travelers Companies by 86.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 11,644 shares of the insurance provider’s stock valued at $1,157,000 after purchasing an additional 5,411 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Travelers Companies by 31.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 276,391 shares of the insurance provider’s stock valued at $27,460,000 after purchasing an additional 66,223 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of Travelers Companies by 986.2% in the 1st quarter. FDx Advisors Inc. now owns 122,140 shares of the insurance provider’s stock valued at $1,325,000 after purchasing an additional 110,895 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Travelers Companies by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 3,937,005 shares of the insurance provider’s stock worth $391,141,000 after acquiring an additional 240,762 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

TRV stock traded down $2.11 during trading on Friday, reaching $112.51. 116,208 shares of the company were exchanged, compared to its average volume of 2,368,500. The company has a market cap of $28.54 billion, a P/E ratio of 12.35, a PEG ratio of 2.10 and a beta of 0.88. Travelers Companies Inc has a 52-week low of $76.99 and a 52-week high of $155.09. The stock’s 50 day moving average price is $106.98 and its 200 day moving average price is $118.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, April 21st. The insurance provider reported $2.62 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.23). The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.30 billion. Travelers Companies had a return on equity of 9.61% and a net margin of 7.61%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.83 EPS. As a group, equities research analysts forecast that Travelers Companies Inc will post 9.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.40 dividend on an annualized basis and a yield of 3.02%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.82. Travelers Companies’s payout ratio is presently 35.42%.

Several equities research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Travelers Companies from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, May 18th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from an “underperform” rating to a “market perform” rating and set a $116.00 price target on the stock in a research note on Thursday, April 2nd. Piper Sandler cut their price target on shares of Travelers Companies from $125.00 to $106.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating and set a $133.00 price target on the stock in a research note on Tuesday, March 24th. Finally, Wells Fargo & Co reissued a “sell” rating and set a $110.00 price objective on shares of Travelers Companies in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Travelers Companies presently has a consensus rating of “Hold” and an average price target of $128.00.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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