Nomura Asset Management Co. Ltd. Has $45.21 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Nomura Asset Management Co. Ltd. lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,677 shares of the insurance provider's stock after selling 6,643 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.08% of Travelers Companies worth $45,210,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. YANKCOM Partnership acquired a new stake in Travelers Companies in the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $37,000. True Wealth Design LLC bought a new position in shares of Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies in the fourth quarter worth $44,000. Finally, Providence First Trust Co bought a new stake in shares of Travelers Companies during the 4th quarter worth $48,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Barclays raised their price target on Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus target price of $260.00.

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Travelers Companies Price Performance

NYSE:TRV traded down $0.21 during mid-day trading on Tuesday, hitting $264.25. The company's stock had a trading volume of 531,935 shares, compared to its average volume of 1,274,930. The company has a market capitalization of $59.91 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The stock has a fifty day moving average of $251.05 and a 200-day moving average of $248.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the prior year, the firm posted $7.01 EPS. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio is presently 19.56%.

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.