Envestnet Portfolio Solutions Inc. Sells 111 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,003 shares of the insurance provider’s stock after selling 111 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Travelers Companies were worth $4,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Empowered Funds LLC increased its stake in Travelers Companies by 167.4% in the 3rd quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock worth $2,403,000 after buying an additional 6,426 shares during the period. Natixis Advisors LLC grew its stake in Travelers Companies by 9.5% in the 3rd quarter. Natixis Advisors LLC now owns 98,039 shares of the insurance provider’s stock worth $22,953,000 after acquiring an additional 8,531 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Travelers Companies by 8.7% during the third quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after acquiring an additional 1,360 shares during the period. Meeder Advisory Services Inc. raised its stake in shares of Travelers Companies by 5.9% during the third quarter. Meeder Advisory Services Inc. now owns 4,834 shares of the insurance provider’s stock valued at $1,132,000 after acquiring an additional 270 shares in the last quarter. Finally, Baron Wealth Management LLC boosted its holdings in shares of Travelers Companies by 38.5% in the third quarter. Baron Wealth Management LLC now owns 1,379 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 383 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $260.17 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $247.11 and its 200-day moving average price is $246.54. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The firm has a market capitalization of $58.99 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company earned $7.01 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

Several research analysts have commented on TRV shares. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Barclays lifted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $261.05.

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.