Nomura Asset Management Co. Ltd. Acquires 27,774 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nomura Asset Management Co. Ltd. boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 194,320 shares of the insurance provider’s stock after acquiring an additional 27,774 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.09% of Travelers Companies worth $45,494,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC purchased a new position in Travelers Companies during the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth $50,000. Finally, Salomon & Ludwin LLC lifted its position in shares of Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRV shares. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price objective on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $251.96 on Tuesday. The Travelers Companies, Inc. has a 12 month low of $180.44 and a 12 month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $57.20 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.24 and a beta of 0.63. The company has a 50 day moving average of $252.16 and a 200 day moving average of $229.59.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the business posted $1.95 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

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.