Mizuho Securities USA LLC Has $5.80 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Mizuho Securities USA LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 40.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,770 shares of the insurance provider's stock after purchasing an additional 7,112 shares during the quarter. Mizuho Securities USA LLC's holdings in Travelers Companies were worth $5,799,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Coastline Trust Co bought a new position in shares of Travelers Companies during the 3rd quarter worth about $67,000. Linscomb Wealth Inc. bought a new position in shares of Travelers Companies during the 3rd quarter worth about $210,000. KCM Investment Advisors LLC boosted its position in shares of Travelers Companies by 24.7% during the 3rd quarter. KCM Investment Advisors LLC now owns 18,272 shares of the insurance provider's stock worth $4,278,000 after purchasing an additional 3,620 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Travelers Companies by 167.4% in the 3rd quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider's stock worth $2,403,000 after acquiring an additional 6,426 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of Travelers Companies by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 8,067 shares of the insurance provider's stock worth $1,889,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Up 1.7 %

Shares of TRV traded up $4.30 during mid-day trading on Friday, hitting $260.82. 1,305,442 shares of the company's stock were exchanged, compared to its average volume of 1,169,261. The stock's 50-day moving average is $244.44 and its 200-day moving average is $224.40. The company has a market cap of $59.21 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $169.18 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the firm posted $1.95 EPS. Travelers Companies's quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is currently 21.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Citigroup increased their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the company a "sell" rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company increased their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $247.90.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock worth $16,580,166 in the last 90 days. 1.33% of the stock is owned by company insiders.

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.