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.
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.
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