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 lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 8.1% during the second quarter, Holdings Channel reports. 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’s holdings in Travelers Companies were worth $826,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. New Mexico Educational Retirement Board lifted its stake in shares of Travelers Companies by 2.9% in the 2nd quarter. New Mexico Educational Retirement Board now owns 10,778 shares of the insurance provider’s stock valued at $3,558,000 after acquiring an additional 300 shares during the last quarter. Mufg Securities Americas Inc. raised its position in Travelers Companies by 7.1% in the second quarter. Mufg Securities Americas Inc. now owns 6,405 shares of the insurance provider’s stock valued at $2,114,000 after purchasing an additional 422 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Travelers Companies during the second quarter valued at about $11,243,000. Hsbc Holdings PLC grew its holdings in shares of Travelers Companies by 8.8% during the second quarter. Hsbc Holdings PLC now owns 807,548 shares of the insurance provider’s stock worth $267,132,000 after purchasing an additional 65,548 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Travelers Companies by 9.7% during the 2nd quarter. Wellington Management Group LLP now owns 19,038 shares of the insurance provider’s stock worth $6,285,000 after buying an additional 1,683 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $369.85 on Friday. The business’s fifty day simple moving average is $358.56 and its 200 day simple moving average is $320.77. The firm has a market capitalization of $77.14 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the company earned $6.51 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

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

Insider Activity

In other Travelers Companies 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 transaction of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the transaction, the executive vice president owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This represents a 63.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Roth Capital boosted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, Morgan Stanley increased their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. 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. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies 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.