17,282 Shares in The Travelers Companies, Inc. $TRV Purchased by Mystic Asset Management Inc.

Mystic Asset Management Inc. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,282 shares of the insurance provider’s stock, valued at approximately $3,810,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $276,000. WINTON GROUP Ltd purchased a new position in shares of Travelers Companies during the second quarter valued at approximately $382,000. CIBC Asset Management Inc grew its holdings in Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after buying an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after buying an additional 2,117 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TRV shares. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Finally, Roth Capital boosted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $354.26.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $364.79 on Friday. The business’s fifty day simple moving average is $351.09 and its 200 day simple moving average is $317.80. The firm has a market capitalization of $76.09 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the company earned $6.51 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.