The Travelers Companies, Inc. $TRV Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 327.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,190 shares of the insurance provider’s stock after purchasing an additional 43,807 shares during the quarter. Nomura Holdings Inc.’s holdings in Travelers Companies were worth $15,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $276,000. Kovitz Investment Group Partners LLC boosted its position in shares of Travelers Companies by 0.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 9,087 shares of the insurance provider’s stock worth $2,403,000 after buying an additional 79 shares during the period. American Century Companies Inc. grew its holdings in shares of Travelers Companies by 17.4% during the first quarter. American Century Companies Inc. now owns 443,336 shares of the insurance provider’s stock valued at $117,245,000 after buying an additional 65,854 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Travelers Companies by 0.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 21,461 shares of the insurance provider’s stock valued at $5,676,000 after buying an additional 196 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.8%

Shares of Travelers Companies stock opened at $285.05 on Monday. 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’s fifty day simple moving average is $279.24 and its 200-day simple moving average is $272.06. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $296.85. The company has a market cap of $63.58 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 2.80 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the business earned $5.24 earnings per share. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business 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 $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the completion of the transaction, the executive vice president directly owned 117,596 shares in the company, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at $9,106,815.74. The trade was a 20.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,295 shares of company stock worth $13,011,918 in the last 90 days. Company insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRV. Barclays set a $313.00 price objective on Travelers Companies in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. UBS Group increased their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $292.73.

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.