MFA Wealth Services Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

MFA Wealth Services acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,264 shares of the insurance provider’s stock, valued at approximately $304,000.

Other large investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC lifted its stake in Travelers Companies by 7.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,755 shares of the insurance provider’s stock worth $423,000 after purchasing an additional 127 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Travelers Companies by 15.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,400 shares of the insurance provider’s stock valued at $337,000 after acquiring an additional 185 shares during the period. Mutual Advisors LLC increased its stake in Travelers Companies by 6.8% in the 4th quarter. Mutual Advisors LLC now owns 2,054 shares of the insurance provider’s stock worth $498,000 after purchasing an additional 131 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Travelers Companies by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 204,059 shares of the insurance provider’s stock valued at $49,156,000 after purchasing an additional 4,033 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $241.75 on Friday. The firm’s 50 day moving average price is $248.61 and its 200-day moving average price is $236.77. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $54.88 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly 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 business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same quarter last year, the company posted $7.01 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $259.00 to $310.00 in a report on Friday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $258.21.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,670 shares of company stock valued at $4,861,329 over the last quarter. 1.33% of the stock is currently owned by company 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.