Nomura Holdings Inc. Takes $874,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Nomura Holdings Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,590 shares of the insurance provider’s stock, valued at approximately $874,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. HighPoint Advisor Group LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth about $1,148,000. Quadrature Capital Ltd grew its holdings in Travelers Companies by 139.3% during the fourth quarter. Quadrature Capital Ltd now owns 4,663 shares of the insurance provider’s stock valued at $888,000 after purchasing an additional 2,714 shares during the period. Ariston Services Group bought a new stake in Travelers Companies in the fourth quarter valued at approximately $232,000. Cape ANN Savings Bank acquired a new stake in Travelers Companies in the fourth quarter worth $254,000. Finally, Spartan Planning & Wealth Management boosted its position in shares of Travelers Companies by 7,300.0% during the fourth quarter. Spartan Planning & Wealth Management now owns 296 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,635 shares of company stock worth $3,980,827. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TRV shares. Royal Bank of Canada dropped their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Piper Sandler reiterated a “neutral” rating and set a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. Evercore ISI lowered their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. TD Cowen cut their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $222.65.

Travelers Companies Stock Up 1.6 %

TRV stock opened at $211.92 on Friday. The company has a market cap of $48.53 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.08 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The business has a 50 day moving average price of $213.49 and a two-hundred day moving average price of $210.28. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the company posted $4.11 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 17.87 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

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.