Daiwa Securities Group Inc. Has $15.15 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Daiwa Securities Group Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,769 shares of the insurance provider’s stock after acquiring an additional 5,177 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Travelers Companies were worth $15,150,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $27,000. FWL Investment Management LLC acquired a new stake in Travelers Companies during the 4th quarter worth approximately $28,000. RFP Financial Group LLC acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $29,000. Finally, Northwest Capital Management Inc acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 81.12% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy F. Bessette sold 3,797 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $169.38, for a total transaction of $643,135.86. Following the completion of the sale, the executive vice president now directly owns 13,005 shares in the company, valued at approximately $2,202,786.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 270 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $178.00, for a total value of $48,060.00. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at $45,421,684. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andy F. Bessette sold 3,797 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $169.38, for a total transaction of $643,135.86. Following the completion of the sale, the executive vice president now owns 13,005 shares of the company’s stock, valued at $2,202,786.90. The disclosure for this sale can be found here. Company insiders own 1.29% of the company’s stock.

Travelers Companies Trading Up 0.4 %

Shares of TRV stock opened at $197.50 on Thursday. The stock has a market cap of $45.11 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.15 and a beta of 0.58. The stock has a 50-day moving average of $183.53 and a 200-day moving average of $172.33. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $199.79.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings results on Wednesday, October 18th. The insurance provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.98). The company had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.42 billion. Travelers Companies had a net margin of 5.45% and a return on equity of 10.41%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 11.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of Travelers Companies in a research report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 price target for the company. HSBC assumed coverage on shares of Travelers Companies in a research report on Thursday, December 28th. They issued a “hold” rating and a $203.00 price target for the company. Morgan Stanley dropped their price target on shares of Travelers Companies from $185.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. TD Cowen began coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on shares of Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. Eleven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $197.53.

View Our Latest Report on TRV

Travelers Companies Company Profile

(Free Report)

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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

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