Nomura Holdings Inc. Makes New $11.78 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Nomura Holdings Inc. bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 48,919 shares of the insurance provider's stock, valued at approximately $11,784,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. YANKCOM Partnership bought a new position in shares of Travelers Companies during the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $30,000. Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $37,000. Asset Planning Inc purchased a new stake in Travelers Companies in the fourth quarter worth $44,000. Finally, Quarry LP lifted its position in Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after acquiring an additional 152 shares during the period. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $0.84 on Monday, hitting $274.47. 841,765 shares of the company traded hands, compared to its average volume of 1,291,254. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50-day simple moving average of $258.66 and a 200 day simple moving average of $252.15. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $275.00. The stock has a market capitalization of $62.19 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TRV. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. BMO Capital Markets boosted their price objective 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 cut their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $270.42.

Travelers Companies Company 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.