Nuveen Asset Management LLC Sells 54,089 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nuveen Asset Management LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,222,053 shares of the insurance provider's stock after selling 54,089 shares during the period. Nuveen Asset Management LLC owned 0.54% of Travelers Companies worth $294,380,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Yoffe Investment Management LLC acquired a new stake in Travelers Companies in the 4th quarter worth about $1,202,000. Elevate Capital Advisors LLC acquired a new stake in Travelers Companies in the 4th quarter worth about $4,627,000. Erste Asset Management GmbH boosted its stake in Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after buying an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock worth $38,343,000 after buying an additional 47,985 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Travelers Companies by 16.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock worth $5,122,000 after buying an additional 3,046 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Jefferies Financial Group raised their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Trading Up 1.0%

TRV traded up $2.67 during mid-day trading on Friday, reaching $273.57. The stock had a trading volume of 867,058 shares, compared to its average volume of 1,292,981. The stock has a market capitalization of $61.98 billion, a P/E ratio of 12.74, a P/E/G ratio of 4.65 and a beta of 0.53. 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 firm's fifty day simple moving average is $258.66 and its two-hundred day simple moving average is $252.09. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $273.89.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period last year, the company earned $4.69 EPS. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.61%. 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. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Travelers Companies Company 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.