Nomura Asset Management Co. Ltd. bought a new position in shares of Travelers Companies Inc (NYSE:TRV) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 88,209 shares of the insurance provider’s stock, valued at approximately $10,808,000.

Other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its position in shares of Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 10 shares during the period. Intellectus Partners LLC raised its position in shares of Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 35 shares during the period. Omnia Family Wealth LLC raised its holdings in Travelers Companies by 4.7% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock worth $128,000 after buying an additional 46 shares during the period. Finally, Security National Trust Co. raised its holdings in Travelers Companies by 260.9% during the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock worth $128,000 after buying an additional 754 shares during the period. Institutional investors and hedge funds own 78.52% of the company’s stock.

Several analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of Travelers Companies in a report on Monday. They set a “sell” rating and a $124.00 target price on the stock. Wells Fargo & Company set a $125.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a report on Tuesday, November 14th. B. Riley reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. UBS lifted their price objective on shares of Travelers Companies from $131.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $129.54.

Travelers Companies Inc (NYSE:TRV) traded down $1.04 during mid-day trading on Wednesday, reaching $135.32. 1,464,000 shares of the company’s stock were exchanged, compared to its average volume of 1,500,574. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. Travelers Companies Inc has a 1 year low of $113.76 and a 1 year high of $137.95. The company has a market capitalization of $37,321.17, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 EPS. research analysts expect that Travelers Companies Inc will post 6.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, December 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.

Travelers Companies announced that its board has authorized a stock buyback program on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the sale, the executive vice president now directly owns 8,000 shares in the company, valued at $1,063,840. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by insiders.

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Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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