Daiwa Securities Group Inc. Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Daiwa Securities Group Inc. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,456 shares of the insurance provider’s stock after selling 931 shares during the period. Daiwa Securities Group Inc.’s holdings in Travelers Companies were worth $25,162,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TRV. Concurrent Investment Advisors LLC increased its position in shares of Travelers Companies by 29.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,525 shares of the insurance provider’s stock worth $825,000 after purchasing an additional 808 shares during the last quarter. Equitable Trust Co. boosted its stake in Travelers Companies by 12.1% during the third quarter. Equitable Trust Co. now owns 4,362 shares of the insurance provider’s stock worth $1,021,000 after buying an additional 471 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Travelers Companies during the third quarter valued at about $443,000. Assetmark Inc. raised its stake in shares of Travelers Companies by 2.5% in the 3rd quarter. Assetmark Inc. now owns 2,721 shares of the insurance provider’s stock valued at $637,000 after acquiring an additional 67 shares during the period. Finally, Tompkins Financial Corp lifted its holdings in shares of Travelers Companies by 40.6% in the 3rd quarter. Tompkins Financial Corp now owns 759 shares of the insurance provider’s stock worth $178,000 after acquiring an additional 219 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.8 %

Shares of NYSE TRV opened at $258.09 on Monday. The business has a 50-day moving average of $244.74 and a two-hundred day moving average of $244.84. The company has a market capitalization of $58.51 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.01 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

A number of brokerages have issued reports on TRV. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $261.05.

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.