MFA Wealth Services Takes $304,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

MFA Wealth Services bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,264 shares of the insurance provider’s stock, valued at approximately $304,000.

A number of other large investors have also bought and sold shares of the stock. FMR LLC boosted its position in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after buying an additional 518,075 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after buying an additional 282,884 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Travelers Companies during the third quarter valued at about $54,988,000. Finally, Janus Henderson Group PLC increased its position in shares of Travelers Companies by 216.3% during the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after acquiring an additional 232,428 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $258.21.

Travelers Companies Stock Down 2.0 %

TRV opened at $241.75 on Friday. The company has a 50 day moving average of $248.61 and a 200 day moving average of $236.77. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The company has a market cap 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.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Dividend Announcement

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

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,670 shares of company stock worth $4,861,329. 1.33% of the stock is 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.