The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.5% in the first quarter, according to its most recent disclosure with the SEC. The firm 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 quarter.

A number of other hedge funds have also modified their holdings of TRV. Cornerstone Planning Group LLC increased its position in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Travelers Companies in the 4th quarter valued at $26,000. Putney Financial Group LLC purchased a new stake in shares of Travelers Companies during the 4th quarter worth $26,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $30,000. Finally, Hughes Financial Services LLC purchased a new stake in Travelers Companies in the 1st quarter valued at approximately $33,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 4.0%

TRV stock opened at $262.16 on Friday. The firm’s fifty day moving average is $266.00 and its 200 day moving average is $256.07. The Travelers Companies, Inc. has a one year low of $202.95 and a one year high of $277.83. The firm has a market cap of $59.21 billion, a PE ratio of 14.27, a P/E/G ratio of 3.72 and a beta of 0.51. 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) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.51 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the transaction, the chief financial officer owned 26,932 shares in the company, valued at $7,365,363.36. This trade represents a 42.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the sale, the chief executive officer directly owned 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 over the last ninety days. 1.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $290.00 to $303.00 and gave the company an “outperform” rating in a research note on Wednesday, May 28th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an “equal weight” rating in a report on Monday, May 19th. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. Jefferies Financial Group lifted their price target on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Finally, Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Three 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 MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $273.28.

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.