UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 291,506 Shares of The Travelers Companies, Inc. (NYSE:TRV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,712,620 shares of the insurance provider's stock after acquiring an additional 291,506 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.19% of Travelers Companies worth $653,443,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after purchasing an additional 41 shares in the last quarter. Quent Capital LLC boosted its position in shares of Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after purchasing an additional 43 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in shares of Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after purchasing an additional 46 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Travelers Companies by 0.5% during the 4th quarter. Tectonic Advisors LLC now owns 8,752 shares of the insurance provider's stock worth $2,108,000 after purchasing an additional 47 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $0.20 during mid-day trading on Friday, hitting $271.28. 832,652 shares of the stock were exchanged, compared to its average volume of 1,291,038. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $275.03. The company has a 50-day simple moving average of $259.99 and a 200 day simple moving average of $253.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $61.46 billion, a P/E ratio of 12.64, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter last year, the firm earned $4.69 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, Barclays dropped their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $270.42.

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.