The Travelers Companies, Inc. (NYSE:TRV) Stock Position Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,936 shares of the insurance provider's stock after selling 1,067 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Travelers Companies were worth $4,215,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in Travelers Companies in the fourth quarter valued at $26,000. Putney Financial Group LLC purchased a new stake in Travelers Companies in the fourth quarter valued at $26,000. Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies in the fourth quarter valued at $30,000. Wood Tarver Financial Group LLC purchased a new stake in Travelers Companies in the fourth quarter valued at $33,000. Finally, Generali Investments Management Co LLC purchased a new stake in Travelers Companies in the fourth quarter valued at $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $271.11.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president now directly owns 118,116 shares in the company, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the transaction, the insider now owns 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 in the last ninety days. 1.46% of the stock is owned by insiders.

Travelers Companies Trading Up 1.0%

TRV stock traded up $2.61 on Monday, hitting $267.59. 1,116,788 shares of the company were exchanged, compared to its average volume of 1,287,835. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $277.83. The business's fifty day moving average is $266.19 and its two-hundred day moving average is $254.14. The stock has a market capitalization of $60.44 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

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.