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

Nomura Asset Management Co. Ltd. lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,320 shares of the insurance provider's stock after acquiring an additional 27,774 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.09% of Travelers Companies worth $45,494,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TRV. Ledyard National Bank increased its stake in shares of Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock valued at $484,000 after buying an additional 39 shares in the last quarter. Trueblood Wealth Management LLC grew its holdings in Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock worth $423,000 after acquiring an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock worth $351,000 after acquiring an additional 42 shares during the last quarter. Willner & Heller LLC increased its position in Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock valued at $268,000 after acquiring an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on TRV. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Bank of America boosted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the company a "sell" rating in a research note on Tuesday, October 22nd. Finally, UBS Group boosted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $253.65.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,941 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares of the company's stock, valued at $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last quarter. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Down 1.3 %

NYSE TRV traded down $3.18 during trading hours on Tuesday, reaching $247.68. 2,138,284 shares of the company's stock were exchanged, compared to its average volume of 1,306,484. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a one year low of $180.44 and a one year high of $269.55. The company's 50-day moving average is $252.16 and its two-hundred day moving average is $229.59. The company has a market capitalization of $56.23 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $1.95 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS 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. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

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.