Envestnet Asset Management Inc. Increases Position in The Travelers Companies, Inc. $TRV

Envestnet Asset Management Inc. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 705,489 shares of the insurance provider’s stock after acquiring an additional 21,628 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Travelers Companies were worth $188,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Brighton Jones LLC increased its holdings in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at $276,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Travelers Companies by 5.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,505 shares of the insurance provider’s stock valued at $11,920,000 after acquiring an additional 2,153 shares during the period. KBC Group NV increased its holdings in shares of Travelers Companies by 0.3% in the 1st quarter. KBC Group NV now owns 159,714 shares of the insurance provider’s stock valued at $42,238,000 after acquiring an additional 520 shares during the period. Finally, Avidian Wealth Enterprises LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at $205,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research analyst reports. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Citigroup initiated coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. Finally, Wolfe Research initiated coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $291.31.

Travelers Companies Stock Performance

Shares of TRV opened at $270.14 on Tuesday. The stock has a 50-day moving average of $274.23 and a two-hundred day moving average of $267.49. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $60.26 billion, a P/E ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.24 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is 17.30%.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.46% of the stock is currently owned by company insiders.

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.