Johnson Financial Group Inc. Has $1.94 Million Stake in The Travelers Companies, Inc. $TRV

Johnson Financial Group Inc. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,247 shares of the insurance provider’s stock after buying an additional 436 shares during the period. Johnson Financial Group Inc.’s holdings in Travelers Companies were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TRV. Valeo Financial Advisors LLC grew its holdings in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after purchasing an additional 3,611,758 shares in the last quarter. Nuveen LLC acquired a new position in Travelers Companies in the first quarter valued at about $294,755,000. JPMorgan Chase & Co. lifted its position in Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares during the period. Bahl & Gaynor Inc. grew its stake in Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after buying an additional 490,039 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after buying an additional 390,104 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,375 shares of company stock worth $10,374,006. 1.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley lifted their target price on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $292.73.

Travelers Companies Price Performance

Shares of TRV opened at $294.44 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $65.68 billion, a PE ratio of 11.58, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $296.85. The business has a 50-day simple moving average of $277.84 and a two-hundred day simple moving average of $271.04.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the firm posted $5.24 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Travelers Companies 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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.