Nomura Holdings Inc. Takes $11.78 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Nomura Holdings Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, Holdings Channel reports. The fund purchased 48,919 shares of the insurance provider’s stock, valued at approximately $11,784,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership bought a new position in shares of Travelers Companies during the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda bought a new position in shares of Travelers Companies during the 4th quarter valued at $30,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies in the 4th quarter valued at $37,000. Asset Planning Inc acquired a new position in Travelers Companies in the 4th quarter valued at $44,000. Finally, Quarry LP grew its stake in Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after buying an additional 152 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Barclays lowered their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $267.32.

Travelers Companies Trading Down 0.6%

Shares of TRV stock opened at $263.25 on Thursday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $273.08. The company has a market capitalization of $59.64 billion, a P/E ratio of 12.26, a P/E/G ratio of 4.65 and a beta of 0.53. The firm has a 50-day moving average price of $257.99 and a 200 day moving average price of $251.79. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the firm posted $4.69 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. Travelers Companies’s payout ratio is currently 23.95%.

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.