UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $566.83 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,421,114 shares of the insurance provider’s stock after selling 115,953 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Travelers Companies were worth $566,831,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quent Capital LLC lifted its stake in Travelers Companies by 19.7% in the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after purchasing an additional 226 shares during the last quarter. Tidal Investments LLC grew its holdings in Travelers Companies by 4.9% in the first quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock worth $900,000 after purchasing an additional 184 shares during the period. Virtu Financial LLC acquired a new stake in Travelers Companies in the first quarter worth $640,000. Sanibel Captiva Trust Company Inc. lifted its stake in shares of Travelers Companies by 10.5% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 1,928 shares of the insurance provider’s stock valued at $444,000 after buying an additional 183 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Travelers Companies in the first quarter valued at $26,618,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last quarter. 1.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRV. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Trading Up 1.1 %

TRV opened at $266.66 on Friday. The Travelers Companies, Inc. has a 12 month low of $175.88 and a 12 month high of $269.55. The stock has a fifty day moving average price of $248.76 and a 200-day moving average price of $227.23. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $60.54 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. Travelers Companies’s payout ratio is 21.54%.

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.