Envestnet Asset Management Inc. Buys 10,963 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Envestnet Asset Management Inc. boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 694,836 shares of the insurance provider's stock after buying an additional 10,963 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Travelers Companies worth $167,379,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the 4th quarter worth about $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the fourth quarter worth about $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of TRV traded down $0.21 during mid-day trading on Friday, reaching $244.96. The stock had a trading volume of 1,367,015 shares, compared to its average volume of 1,303,946. The business has a fifty day moving average of $251.59 and a 200 day moving average of $248.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $55.54 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56.

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Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm posted $7.01 EPS. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's dividend payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $263.37.

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.