The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,586 shares of the insurance provider's stock after selling 3,939 shares during the period. USS Investment Management Ltd's holdings in Travelers Companies were worth $9,536,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter worth $27,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies in the fourth quarter valued at $30,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the 4th quarter worth $37,000. Asset Planning Inc purchased a new stake in Travelers Companies during the 4th quarter worth about $44,000. Finally, Quarry LP raised its position in Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 152 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, UBS Group dropped their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $270.42.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $3.60 on Tuesday, reaching $274.64. The company's stock had a trading volume of 293,825 shares, compared to its average volume of 1,289,714. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $275.03. The stock has a market capitalization of $62.22 billion, a P/E ratio of 12.80, a PEG ratio of 4.65 and a beta of 0.53. The stock's 50-day moving average is $260.18 and its two-hundred day moving average is $253.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the business earned $4.69 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

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.