Nomura Asset Management Co. Ltd. Has $27.21 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Nomura Asset Management Co. Ltd. reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,826 shares of the insurance provider’s stock after selling 3,663 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Travelers Companies worth $27,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC raised its stake in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after purchasing an additional 623,974 shares during the last quarter. Northern Trust Corp raised its position in Travelers Companies by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after buying an additional 29,989 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Travelers Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after acquiring an additional 154,886 shares in the last quarter. Norges Bank purchased a new position in Travelers Companies during the 4th quarter worth $282,593,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Travelers Companies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after acquiring an additional 40,114 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV traded up $1.09 during midday trading on Friday, reaching $213.33. 649,983 shares of the stock were exchanged, compared to its average volume of 1,041,232. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The business’s 50-day moving average price is $219.73 and its 200 day moving average price is $205.74. The company has a market capitalization of $48.85 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.10 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.11 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.85 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock valued at $3,980,827 in the last 90 days. 1.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Evercore ISI cut their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. HSBC upped their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. Citigroup lifted their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Piper Sandler restated a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $222.65.

Travelers Companies Profile

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.