UBS Asset Management Americas Inc. reduced its stake in The Travelers Cos. (NYSE:TRV) by 7.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,158,976 shares of the company’s stock after selling 171,253 shares during the period. UBS Asset Management Americas Inc. owned 0.76% of The Travelers Cos. worth $247,311,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TRV. Vanguard Group Inc. boosted its position in shares of The Travelers Cos. by 1.3% in the second quarter. Vanguard Group Inc. now owns 20,841,313 shares of the company’s stock valued at $2,480,949,000 after buying an additional 271,607 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of The Travelers Cos. by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,951,653 shares of the company’s stock valued at $1,541,765,000 after buying an additional 177,858 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of The Travelers Cos. by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 8,658,670 shares of the company’s stock valued at $1,030,728,000 after buying an additional 397,224 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of The Travelers Cos. by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,590,393 shares of the company’s stock valued at $1,022,600,000 after buying an additional 124,944 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its position in shares of The Travelers Cos. by 573,761.8% in the second quarter. Cohen & Steers Inc. now owns 6,312,480 shares of the company’s stock valued at $672,090,000 after buying an additional 6,311,380 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Institutional Ownership by Quarter for The Travelers Cos. (NYSE:TRV)

Shares of The Travelers Cos. (NYSE:TRV) opened at 113.81 on Tuesday. The Travelers Cos. has a 12-month low of $101.23 and a 12-month high of $119.32. The company has a market capitalization of $32.33 billion, a price-to-earnings ratio of 11.54 and a beta of 1.03. The company’s 50-day moving average is $110.74 and its 200-day moving average is $114.37.

The Travelers Cos. (NYSE:TRV) last released its earnings results on Thursday, October 20th. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter last year, the business earned $2.93 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Analysts predict that The Travelers Cos. will post $9.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, December 7th. The Travelers Cos.’s dividend payout ratio (DPR) is currently 27.29%.

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A number of equities analysts have commented on the stock. Credit Suisse Group AG set a $111.00 price target on shares of The Travelers Cos. and gave the stock a “hold” rating in a research note on Monday, September 12th. William Blair cut shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research note on Thursday, November 17th. Citigroup Inc. boosted their price target on shares of The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 11th. Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $109.00 price target (up previously from $105.00) on shares of The Travelers Cos. in a research note on Saturday, October 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The Travelers Cos. currently has a consensus rating of “Hold” and a consensus price target of $117.64.

In related news, Director Philip T. Ruegger III acquired 2,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average cost of $107.19 per share, with a total value of $214,380.00. Following the acquisition, the director now directly owns 22,443 shares in the company, valued at approximately $2,405,665.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $113.75, for a total transaction of $113,750.00. Following the sale, the insider now directly owns 229,254 shares of the company’s stock, valued at $26,077,642.50. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

The Travelers Cos. Company Profile

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

5 Day Chart for NYSE:TRV

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