The Travelers Companies, Inc. $TRV Shares Bought by Wealthfront Advisers LLC

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

Several other large investors have also recently added to or reduced their stakes in TRV. Brighton Jones LLC grew its stake in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in Travelers Companies during the fourth quarter worth about $276,000. Concurrent Investment Advisors LLC increased its holdings in Travelers Companies by 11.7% in the second quarter. Concurrent Investment Advisors LLC now owns 5,927 shares of the insurance provider’s stock valued at $1,586,000 after buying an additional 622 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Travelers Companies by 11.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,787 shares of the insurance provider’s stock valued at $4,759,000 after acquiring an additional 1,851 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of Travelers Companies by 35.9% during the 2nd quarter. Harbour Investments Inc. now owns 1,625 shares of the insurance provider’s stock worth $435,000 after acquiring an additional 429 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 10,400 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This represents a 8.13% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 101,765 shares of company stock worth $29,877,543. 1.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRV shares. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Wells Fargo & Company decreased their price objective on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. The Goldman Sachs Group downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price for the company. in a report on Wednesday, January 7th. Morgan Stanley increased their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Finally, Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $317.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $303.00.

Travelers Companies Price Performance

TRV opened at $297.39 on Friday. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $304.40. The company has a 50 day moving average of $285.67 and a two-hundred day moving average of $278.75. The company has a market cap of $66.33 billion, a P/E ratio of 10.80, a P/E/G ratio of 2.79 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

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

Travelers Companies announced that its board has initiated a share buyback plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Travelers Companies Announces Dividend

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

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.