Envestnet Asset Management Inc. Sells 10,975 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Envestnet Asset Management Inc. lessened its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 683,861 shares of the insurance provider's stock after selling 10,975 shares during the quarter. Envestnet Asset Management Inc. owned about 0.30% of Travelers Companies worth $180,854,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after acquiring an additional 117,108 shares during the period. FMR LLC boosted its position in Travelers Companies by 1.6% in the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after buying an additional 229,160 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Travelers Companies by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after purchasing an additional 182,270 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Travelers Companies by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after purchasing an additional 70,036 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after purchasing an additional 2,466,098 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Down 0.7%

Shares of TRV stock traded down $1.73 during trading hours on Friday, hitting $254.26. 779,566 shares of the company were exchanged, compared to its average volume of 1,341,503. The business has a 50 day moving average of $267.37 and a two-hundred day moving average of $255.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 52 week low of $202.95 and a 52 week high of $277.83. The company has a market capitalization of $57.43 billion, a PE ratio of 13.84, a PEG ratio of 3.74 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the prior year, the company posted $4.69 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the sale, the insider owned 48,387 shares in the company, valued at $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 9,044 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.17, for a total transaction of $2,479,593.48. Following the sale, the executive vice president owned 33,638 shares of the company's stock, valued at approximately $9,222,530.46. This represents a 21.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $271.00.

About Travelers Companies

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.