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

Nuveen Asset Management LLC reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,222,053 shares of the insurance provider’s stock after selling 54,089 shares during the period. Nuveen Asset Management LLC owned approximately 0.54% of Travelers Companies worth $294,380,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TRV. YANKCOM Partnership bought a new position in Travelers Companies in the 4th quarter worth approximately $27,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies during the fourth quarter worth $30,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies in the 4th quarter valued at $37,000. Asset Planning Inc bought a new stake in Travelers Companies in the 4th quarter valued at $44,000. Finally, Quarry LP increased its holdings 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 buying an additional 152 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 0.6%

Shares of NYSE TRV opened at $263.25 on Thursday. The firm’s 50-day simple moving average is $257.99 and its 200 day simple moving average is $251.79. The company has a market cap of $59.64 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $273.08.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the company posted $4.69 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm 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 is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. Travelers Companies’s dividend payout ratio is presently 23.95%.

Analysts Set New Price Targets

TRV has been the topic of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets boosted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. UBS Group lowered their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $267.32.

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.