Envestnet Portfolio Solutions Inc. Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Envestnet Portfolio Solutions Inc. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,003 shares of the insurance provider’s stock after selling 111 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Travelers Companies were worth $4,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. YANKCOM Partnership bought a new position in Travelers Companies during the fourth quarter valued at approximately $27,000. True Wealth Design LLC bought a new position in shares of Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the 4th quarter worth $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies in the 4th quarter worth $48,000. Finally, Versant Capital Management Inc grew its holdings in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on TRV shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Down 1.9 %

Shares of NYSE TRV opened at $260.17 on Wednesday. The stock has a market capitalization of $58.99 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $247.11 and its 200-day moving average price is $246.54.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $7.01 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.