Wealthfront Advisers LLC Grows Position in The Travelers Companies, Inc. $TRV

Wealthfront Advisers LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,480 shares of the insurance provider’s stock after purchasing an additional 196 shares during the quarter. Wealthfront Advisers LLC’s holdings in Travelers Companies were worth $5,479,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TRV. Brighton Jones LLC increased its holdings in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $276,000. Avidian Wealth Enterprises LLC acquired a new position in Travelers Companies in the 1st quarter worth about $205,000. Amalgamated Bank raised its holdings in Travelers Companies by 0.7% in the 1st quarter. Amalgamated Bank now owns 44,342 shares of the insurance provider’s stock worth $11,727,000 after purchasing an additional 317 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Travelers Companies during the first quarter worth approximately $204,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.8%

TRV opened at $268.30 on Wednesday. The firm has a market capitalization of $59.85 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. The company’s 50 day simple moving average is $274.22 and its two-hundred day simple moving average is $267.65. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the prior year, the business earned $5.24 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Citigroup initiated coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $291.31.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is currently owned by corporate insiders.

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.