Envestnet Asset Management Inc. Acquires 10,963 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Envestnet Asset Management Inc. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 694,836 shares of the insurance provider’s stock after acquiring an additional 10,963 shares during the quarter. Envestnet Asset Management Inc. owned 0.31% of Travelers Companies worth $167,379,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRV. KCM Investment Advisors LLC raised its position in Travelers Companies by 16.9% in the 4th quarter. KCM Investment Advisors LLC now owns 21,367 shares of the insurance provider’s stock valued at $5,147,000 after buying an additional 3,095 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $20,394,000. Wells Fargo & Company MN lifted its position in shares of Travelers Companies by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 846,782 shares of the insurance provider’s stock worth $203,981,000 after purchasing an additional 2,958 shares in the last quarter. First Western Trust Bank acquired a new position in Travelers Companies during the fourth quarter worth $206,000. Finally, Unison Advisors LLC grew its position in Travelers Companies by 0.4% in the fourth quarter. Unison Advisors LLC now owns 15,307 shares of the insurance provider’s stock valued at $3,687,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. BMO Capital Markets upped their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Finally, HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Stock Down 7.8 %

Shares of TRV opened at $242.64 on Monday. The firm has a 50 day simple moving average of $252.38 and a two-hundred day simple moving average of $248.80. The company has a market cap of $55.01 billion, a P/E ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

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, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $7.01 EPS. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.