Nisa Investment Advisors LLC Has $21.52 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Nisa Investment Advisors LLC lessened its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,334 shares of the insurance provider’s stock after selling 505 shares during the period. Nisa Investment Advisors LLC’s holdings in Travelers Companies were worth $21,520,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRV. FMR LLC raised its holdings in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after purchasing an additional 282,884 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Travelers Companies in the third quarter worth $54,988,000. Finally, Janus Henderson Group PLC increased its holdings in Travelers Companies by 216.3% in the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after purchasing an additional 232,428 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRV has been the topic of several recent research reports. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on shares of Travelers Companies from $217.00 to $213.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $255.16.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % 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, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,670 shares of company stock valued at $4,861,329. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $246.67 on Thursday. 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 company has a fifty day simple moving average of $248.81 and a 200 day simple moving average of $236.70. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a market cap of $56.00 billion, a P/E ratio of 12.65, a PEG ratio of 1.05 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. During the same period in the previous year, the firm posted $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 19 earnings per share for the current fiscal year.

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.