Envestnet Portfolio Solutions Inc. Sells 9,582 Shares of The Travelers Companies, Inc. $TRV

Envestnet Portfolio Solutions Inc. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 53.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,205 shares of the insurance provider’s stock after selling 9,582 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Travelers Companies were worth $2,291,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Associated Banc Corp grew its position in Travelers Companies by 1.4% in the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after acquiring an additional 39 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Travelers Companies by 1.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock valued at $1,143,000 after purchasing an additional 40 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of Travelers Companies by 33.1% during the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 41 shares during the last quarter. ORG Partners LLC increased its position in Travelers Companies by 5.6% during the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 41 shares in the last quarter. Finally, Nilsine Partners LLC lifted its stake in Travelers Companies by 0.4% in the 3rd quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock valued at $2,719,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Travelers Companies from $308.00 to $316.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley boosted their price objective on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. UBS Group increased their target price on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Mizuho lowered their price objective on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $301.20.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the completion of the sale, the insider directly owned 255,086 shares in the company, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,435 shares of company stock worth $15,366,736 over the last ninety days. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 1.4%

NYSE TRV opened at $281.70 on Tuesday. The firm has a market capitalization of $62.84 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.52. The business’s 50-day moving average price is $285.14 and its two-hundred day moving average price is $276.11. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $296.85.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $9.15 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 15.98%.

Travelers Companies declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.