Envestnet Portfolio Solutions Inc. Purchases 1,851 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in The Travelers Companies by 11.6% during the second quarter, purchasing an additional 1,851 shares, bringing its total holdings to 17,787 shares worth approximately $4.76 million.
• Insider selling occurred recently, with EVP Mojgan M. Lefebvre and EVP Gregory C. Toczydlowski selling a combined total of over 28,000 shares of Travelers, which represented significant decreases in their ownership.
• Travelers Companies reported a strong quarterly performance with $6.51 EPS, surpassing analyst expectations, and experienced a 7.4% year-over-year revenue growth totaling $11.54 billion.

Envestnet Portfolio Solutions Inc. grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,787 shares of the insurance provider's stock after buying an additional 1,851 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Travelers Companies were worth $4,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its position in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co raised its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after purchasing an additional 55 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $32,000. Institutional investors own 82.45% of the company's stock.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of Travelers Companies in a report on Wednesday, October 1st. UBS Group lifted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, October 8th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Travelers Companies in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $290.11.

Travelers Companies Stock Down 2.2%

TRV opened at $269.54 on Thursday. The company has a fifty day moving average price of $274.06 and a 200-day moving average price of $266.33. The firm has a market capitalization of $60.68 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 3.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies 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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