Wealthfront Advisers LLC Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Wealthfront Advisers LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 19.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,284 shares of the insurance provider's stock after acquiring an additional 3,306 shares during the period. Wealthfront Advisers LLC's holdings in Travelers Companies were worth $5,364,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Travelers Companies by 3.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 22,052 shares of the insurance provider's stock valued at $5,832,000 after acquiring an additional 821 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Travelers Companies by 8.9% during the first quarter. Apollon Wealth Management LLC now owns 3,584 shares of the insurance provider's stock valued at $948,000 after purchasing an additional 292 shares during the period. Signaturefd LLC increased its stake in Travelers Companies by 2.2% during the first quarter. Signaturefd LLC now owns 6,600 shares of the insurance provider's stock valued at $1,745,000 after purchasing an additional 145 shares during the last quarter. Slow Capital Inc. lifted its holdings in Travelers Companies by 1.3% in the first quarter. Slow Capital Inc. now owns 15,583 shares of the insurance provider's stock worth $4,121,000 after purchasing an additional 198 shares during the period. Finally, MQS Management LLC acquired a new stake in Travelers Companies during the 1st quarter worth about $467,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV stock opened at $262.16 on Friday. The Travelers Companies, Inc. has a 1 year low of $202.95 and a 1 year high of $277.83. The firm has a market cap of $59.21 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 3.72 and a beta of 0.51. The stock's 50-day moving average is $266.00 and its two-hundred day moving average is $256.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 earnings per share. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TRV shares. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Finally, Jefferies Financial Group increased their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $273.28.

Insider Activity

In other news, EVP Maria Olivo sold 36,199 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of the sale, the executive vice president owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the transaction, the insider directly owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 163,869 shares of company stock valued at $44,868,201. Company insiders own 1.46% of the company's stock.

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.

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