UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 219,905 Shares of The Travelers Companies, Inc. $TRV

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,504,288 shares of the insurance provider’s stock after selling 219,905 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.20% of Travelers Companies worth $826,716,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth $6,915,909,000. State Street Corp increased its holdings in shares of Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares in the last quarter. Morgan Stanley increased its stake in Travelers Companies by 2.3% during the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Legal & General Group Plc bought a new stake in Travelers Companies during the 2nd quarter worth approximately $799,601,000. Finally, Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after buying an additional 123,564 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.1%

NYSE:TRV opened at $369.85 on Friday. The firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock’s 50 day moving average price is $358.56 and its two-hundred day moving average price is $320.77.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the business earned $6.51 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is currently 13.39%.

Insider Activity at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,667 shares of company stock worth $19,611,829 over the last ninety days. Company insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRV shares. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a report on Monday, July 13th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. Finally, Truist Financial lifted their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.