Wealthfront Advisers LLC Has $6.44 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Wealthfront Advisers LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,057 shares of the insurance provider’s stock after acquiring an additional 2,577 shares during the quarter. Wealthfront Advisers LLC’s holdings in Travelers Companies were worth $6,438,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Travelers Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after acquiring an additional 313,449 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after buying an additional 751,715 shares during the period. Geode Capital Management LLC lifted its holdings in Travelers Companies by 1.0% in the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after buying an additional 54,363 shares during the period. Norges Bank bought a new position in Travelers Companies during the 2nd quarter worth approximately $815,013,000. Finally, Invesco Ltd. increased its stake in Travelers Companies by 14.4% during the 2nd quarter. Invesco Ltd. now owns 1,547,778 shares of the insurance provider’s stock worth $414,093,000 after purchasing an additional 194,698 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $297.39 on Friday. The stock has a market capitalization of $66.33 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 2.79 and a beta of 0.51. The firm’s 50 day simple moving average is $285.67 and its 200-day simple moving average is $278.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $304.40.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $9.15 EPS. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is 15.98%.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 55,733 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the transaction, the chief executive officer directly owned 260,329 shares of the company’s stock, valued at $76,718,956.30. This represents a 17.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $35,366,997. This represents a 8.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 101,765 shares of company stock valued at $29,877,543. Insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRV shares. Morgan Stanley boosted their target price on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings upgraded shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Finally, Barclays dropped their price objective on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $303.00.

About Travelers Companies

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.