Nomura Asset Management Co. Ltd. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 14.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,054 shares of the insurance provider’s stock after buying an additional 11,098 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in The Travelers Companies were worth $10,373,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares during the period. First Personal Financial Services increased its position in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the period. Bartlett & Co. LLC increased its position in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares during the period. Balentine LLC increased its position in The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock worth $169,000 after buying an additional 27 shares during the period. Finally, Community Bank N.A. increased its position in The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock worth $172,000 after buying an additional 400 shares during the period. 78.95% of the stock is owned by hedge funds and other institutional investors.

The Travelers Companies, Inc. (NYSE:TRV) traded up 0.066% during midday trading on Tuesday, reaching $128.885. The company had a trading volume of 262,853 shares. The stock’s 50 day moving average is $126.93 and its 200 day moving average is $122.59. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $129.60. The firm has a market capitalization of $35.57 billion, a price-to-earnings ratio of 12.835 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the firm earned $2.20 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post $8.92 earnings per share for the current year.

The Travelers Companies declared that its board has authorized a stock buyback program on Thursday, April 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.24%. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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A number of equities analysts have weighed in on the company. MKM Partners reaffirmed a “neutral” rating and set a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. BidaskClub downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Citigroup Inc. reaffirmed a “buy” rating and set a $148.00 price target (down previously from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a research report on Thursday, May 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a research report on Monday, May 22nd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The Travelers Companies currently has an average rating of “Hold” and an average price target of $123.79.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 7,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total value of $864,360.00. Following the transaction, the insider now owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 8,186 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $124.84, for a total value of $1,021,940.24. Following the completion of the transaction, the executive vice president now directly owns 88,697 shares in the company, valued at approximately $11,072,933.48. The disclosure for this sale can be found here. In the last three months, insiders sold 163,894 shares of company stock worth $20,759,812. Insiders own 0.82% of the company’s stock.

About The Travelers Companies

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.

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

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