Mystic Asset Management Inc. Makes New $3.81 Million Investment in The Travelers Companies, Inc. $TRV

Mystic Asset Management Inc. acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel reports. The firm acquired 17,282 shares of the insurance provider’s stock, valued at approximately $3,810,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arbejdsmarkedets Tillaegspension bought a new position in shares of Travelers Companies during the fourth quarter valued at about $24,167,000. Rit Capital Partners PLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $39,450,000. UBS Group AG lifted its stake in shares of Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Travelers Companies by 41.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after acquiring an additional 19,347 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new position in Travelers Companies during the 1st quarter worth approximately $576,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.7%

NYSE TRV opened at $364.79 on Friday. The stock has a market cap 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 fifty-two week low of $252.26 and a fifty-two week high of $398.70. The stock has a 50 day simple moving average of $351.09 and a two-hundred day simple moving average of $317.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.51 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

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 issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial lifted their price target on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a report on Monday, July 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Roth Capital upped their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by corporate insiders.

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.