Magnus Financial Group LLC Purchases Shares of 984 The Travelers Companies, Inc. (NYSE:TRV)

Magnus Financial Group LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, Holdings Channel.com reports. The firm purchased 984 shares of the insurance provider’s stock, valued at approximately $230,000.

Other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies during the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC grew its stake in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Travelers Companies in the 1st quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC purchased a new position in Travelers Companies in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Citigroup boosted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley lowered their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $231.63.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.9 %

NYSE:TRV opened at $242.97 on Thursday. The company’s 50 day moving average price is $229.76 and its 200-day moving average price is $219.07. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.79. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $55.64 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.08 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

About Travelers Companies

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.