Envestnet Asset Management Inc. raised its stake in Travelers Companies Inc (NYSE:TRV) by 10.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 155,387 shares of the insurance provider’s stock after buying an additional 14,267 shares during the period. Envestnet Asset Management Inc.’s holdings in Travelers Companies were worth $21,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Travelers Companies by 7.3% during the first quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock worth $3,100,401,000 after purchasing an additional 1,528,327 shares during the period. Vanguard Group Inc lifted its holdings in shares of Travelers Companies by 0.3% during the third quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after purchasing an additional 65,931 shares during the period. Bank of America Corp DE lifted its holdings in shares of Travelers Companies by 4.5% during the fourth quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock worth $445,226,000 after purchasing an additional 159,502 shares during the period. Northern Trust Corp lifted its holdings in shares of Travelers Companies by 1.7% during the fourth quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock worth $427,144,000 after purchasing an additional 60,000 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Travelers Companies by 11,730.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 3,495,996 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

In related news, Vice Chairman William H. Heyman sold 9,500 shares of Travelers Companies stock in a transaction on Monday, April 29th. The shares were sold at an average price of $140.79, for a total transaction of $1,337,505.00. Following the completion of the transaction, the insider now owns 241,745 shares of the company’s stock, valued at $34,035,278.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jay S. Benet sold 60,979 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $137.46, for a total transaction of $8,382,173.34. Following the transaction, the insider now directly owns 146,845 shares of the company’s stock, valued at approximately $20,185,313.70. The disclosure for this sale can be found here. Insiders have sold 211,860 shares of company stock valued at $30,020,402 in the last three months. 0.73% of the stock is owned by insiders.

TRV has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Tuesday, March 26th. Barclays lifted their price target on shares of Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. MKM Partners lifted their price target on shares of Travelers Companies to $140.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Royal Bank of Canada set a $145.00 price target on shares of Travelers Companies and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley lifted their price target on shares of Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $141.42.

Shares of NYSE TRV opened at $146.79 on Tuesday. Travelers Companies Inc has a twelve month low of $111.08 and a twelve month high of $148.85. The firm has a market cap of $38.13 billion, a P/E ratio of 16.42, a PEG ratio of 1.32 and a beta of 0.98. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter last year, the firm earned $2.46 earnings per share. Travelers Companies’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts predict that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is currently 34.45%.

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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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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