Miracle Mile Advisors LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Miracle Mile Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,918 shares of the insurance provider’s stock after acquiring an additional 181 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Travelers Companies were worth $3,961,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TRV. Vanguard Group Inc. raised its position in shares of Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after purchasing an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after acquiring an additional 165,708 shares during the last quarter. Legal & General Group Plc raised its holdings in Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after acquiring an additional 37,029 shares during the last quarter. Finally, Boston Partners raised its holdings in Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after acquiring an additional 196,011 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

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

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $225.97 on Tuesday. 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 firm’s 50-day moving average price is $226.20 and its two-hundred day moving average price is $218.56. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The stock has a market capitalization of $51.51 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.16 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued 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 dividend yield of 1.86%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler cut their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Bank of America increased their target price on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Barclays initiated coverage on Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 target price on the stock. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Finally, JPMorgan Chase & Co. increased their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $227.05.

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.