Envestnet Asset Management Inc. Lowers Position in The Travelers Companies (TRV)

Share on StockTwits

Envestnet Asset Management Inc. trimmed its holdings in shares of The Travelers Companies (NYSE:TRV) by 73.2% in the first quarter, HoldingsChannel reports. The firm owned 33,642 shares of the insurance provider’s stock after selling 91,978 shares during the quarter. Envestnet Asset Management Inc.’s holdings in The Travelers Companies were worth $4,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stelac Advisory Services LLC bought a new stake in The Travelers Companies during the 4th quarter worth approximately $101,000. Field & Main Bank bought a new position in shares of The Travelers Companies during the 4th quarter worth approximately $102,000. CNB Bank bought a new position in shares of The Travelers Companies during the 4th quarter worth approximately $113,000. Captrust Financial Advisors bought a new position in shares of The Travelers Companies during the 4th quarter worth approximately $127,000. Finally, Virtue Capital Management LLC bought a new position in shares of The Travelers Companies during the 4th quarter worth approximately $138,000. 78.79% of the stock is owned by institutional investors and hedge funds.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 2,500 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.75, for a total transaction of $356,875.00. Following the completion of the sale, the insider now owns 250,567 shares of the company’s stock, valued at approximately $35,768,439.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andy F. Bessette sold 17,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.42, for a total value of $2,421,140.00. Following the sale, the executive vice president now directly owns 28,327 shares of the company’s stock, valued at approximately $4,034,331.34. The disclosure for this sale can be found here. Insiders have sold a total of 63,870 shares of company stock valued at $8,847,629 in the last ninety days. Insiders own 0.80% of the company’s stock.

Several equities analysts have recently weighed in on TRV shares. Atlantic Securities raised shares of The Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price target for the company in a research note on Friday, January 26th. Barclays reaffirmed a “hold” rating and set a $140.00 price target (up from $135.00) on shares of The Travelers Companies in a research note on Sunday, February 18th. Zacks Investment Research cut shares of The Travelers Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Citigroup raised their price target on shares of The Travelers Companies from $156.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Finally, Wells Fargo & Co set a $142.00 price target on shares of The Travelers Companies and gave the stock a “hold” rating in a research note on Monday, April 2nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The Travelers Companies has a consensus rating of “Hold” and an average target price of $139.38.

The Travelers Companies opened at $130.65 on Friday, MarketBeat Ratings reports. The Travelers Companies has a 1-year low of $113.76 and a 1-year high of $150.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $35.52 billion, a P/E ratio of 17.95, a PEG ratio of 1.68 and a beta of 1.26.

The Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, April 24th. The insurance provider reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.22). The Travelers Companies had a net margin of 7.21% and a return on equity of 8.94%. The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.24 billion. sell-side analysts anticipate that The Travelers Companies will post 10.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a dividend of $0.77 per share. This is an increase from The Travelers Companies’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $3.08 annualized dividend and a yield of 2.36%. The Travelers Companies’s dividend payout ratio (DPR) is currently 39.56%.

The 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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies (NYSE:TRV).

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

Receive News & Ratings for The Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Infosys Ltd  Shares Sold by Bank of Montreal Can
Infosys Ltd Shares Sold by Bank of Montreal Can
Bank of Montreal Can Sells 274,772 Shares of Vertex Pharmaceuticals Incorporated
Bank of Montreal Can Sells 274,772 Shares of Vertex Pharmaceuticals Incorporated
Fox Run Management L.L.C. Purchases 8,011 Shares of Patterson Companies, Inc.
Fox Run Management L.L.C. Purchases 8,011 Shares of Patterson Companies, Inc.
Contrasting General Motors  & Spartan Motors
Contrasting General Motors & Spartan Motors
Fox Run Management L.L.C. Takes Position in Prologis Inc
Fox Run Management L.L.C. Takes Position in Prologis Inc
23,332 Shares in First Data Corp  Purchased by Fox Run Management L.L.C.
23,332 Shares in First Data Corp Purchased by Fox Run Management L.L.C.


© 2006-2018 Ticker Report. Google+.