Mirabella Financial Services LLP Invests $299,000 in The Travelers Companies, Inc. (NYSE:TRV)

Mirabella Financial Services LLP acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,742 shares of the insurance provider’s stock, valued at approximately $299,000.

A number of other institutional investors have also modified their holdings of TRV. Sequoia Financial Advisors LLC grew its stake in Travelers Companies by 1.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after buying an additional 58 shares during the period. Lindbrook Capital LLC increased its holdings in Travelers Companies by 1.6% in the 1st quarter. Lindbrook Capital LLC now owns 3,822 shares of the insurance provider’s stock valued at $655,000 after purchasing an additional 59 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Travelers Companies by 25.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 66 shares in the last quarter. Integrated Advisors Network LLC raised its position in Travelers Companies by 3.1% in the first quarter. Integrated Advisors Network LLC now owns 2,169 shares of the insurance provider’s stock valued at $372,000 after purchasing an additional 66 shares during the period. Finally, Checchi Capital Advisers LLC lifted its stake in shares of Travelers Companies by 2.2% during the first quarter. Checchi Capital Advisers LLC now owns 3,199 shares of the insurance provider’s stock worth $548,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Travelers Companies Trading Down 1.2 %

NYSE:TRV opened at $160.40 on Wednesday. The company has a market cap of $36.72 billion, a PE ratio of 17.08, a P/E/G ratio of 1.36 and a beta of 0.60. The business’s 50 day moving average is $167.93 and its two-hundred day moving average is $173.29. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.37. The Travelers Companies, Inc. has a 52 week low of $149.65 and a 52 week high of $194.51.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.99). Travelers Companies had a return on equity of 10.75% and a net margin of 5.77%. The company had revenue of $10.10 billion for the quarter, compared to analyst estimates of $9.97 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, analysts predict that The Travelers Companies, Inc. will post 12.01 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 7th. Travelers Companies’s dividend payout ratio (DPR) is 42.60%.

Analysts Set New Price Targets

Several brokerages recently commented on TRV. JPMorgan Chase & Co. raised their target price on Travelers Companies from $185.00 to $194.00 in a report on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating and set a $185.00 target price on shares of Travelers Companies in a research report on Friday, July 21st. StockNews.com initiated coverage on shares of Travelers Companies in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Piper Sandler dropped their price target on shares of Travelers Companies from $208.00 to $176.00 in a research note on Thursday, July 6th. Finally, Royal Bank of Canada upped their price objective on shares of Travelers Companies from C$183.00 to C$185.00 in a research report on Thursday, July 20th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $175.05, for a total value of $1,750,500.00. Following the sale, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,464,704. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.29% of the company’s stock.

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.