Daiwa Securities Group Inc. Grows Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Daiwa Securities Group Inc. increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 100,882 shares of the insurance provider’s stock after purchasing an additional 3,497 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Travelers Companies were worth $20,513,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC grew its stake in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the 1st quarter worth about $42,000. Tributary Capital Management LLC bought a new stake in Travelers Companies in the 1st quarter valued at about $45,000. Finally, MCF Advisors LLC grew its position in Travelers Companies by 53.8% in the 1st quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 71 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 2.8 %

Shares of TRV opened at $241.10 on Tuesday. The business’s 50-day moving average price is $215.54 and its 200 day moving average price is $216.41. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $54.95 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.22 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $242.89.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TRV. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Piper Sandler cut their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $227.05.

About Travelers Companies

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.