Daiwa Securities Group Inc. Increases Position in The Travelers Companies, Inc. $TRV

Daiwa Securities Group Inc. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 116,157 shares of the insurance provider’s stock after purchasing an additional 5,654 shares during the period. Daiwa Securities Group Inc. owned approximately 0.05% of Travelers Companies worth $31,077,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TRV. Missouri Trust & Investment Co raised its stake in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Quaker Wealth Management LLC raised its position in shares of Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Travelers Companies in the 2nd quarter worth about $30,000. Flaharty Asset Management LLC purchased a new stake in Travelers Companies during the 1st quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new stake in Travelers Companies during the 2nd quarter valued at about $32,000. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRV. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Piper Sandler increased their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $292.73.

Travelers Companies Trading Down 0.3%

Shares of NYSE:TRV opened at $279.07 on Wednesday. The stock’s 50-day simple moving average is $279.16 and its two-hundred day simple moving average is $271.88. The stock has a market capitalization of $62.25 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.75 and a beta of 0.53. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $296.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.24 EPS. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 8,920 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president directly owned 117,596 shares in the company, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares in the company, valued at $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is currently owned by insiders.

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.