Johnson Financial Group Inc. Acquires Shares of 5,876 The Travelers Companies, Inc. $TRV

Johnson Financial Group Inc. bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel reports. The fund bought 5,876 shares of the insurance provider’s stock, valued at approximately $1,940,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after acquiring an additional 110,311 shares in the last quarter. BlackRock Inc. bought a new position in shares of Travelers Companies during the second quarter valued at approximately $6,915,909,000. State Street Corp boosted its position in shares of Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares in the last quarter. Morgan Stanley grew its stake in shares of Travelers Companies by 2.3% in the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after buying an additional 85,298 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Travelers Companies by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after buying an additional 123,564 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TRV shares. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Mizuho raised their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research report on Monday, July 20th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Trading Down 1.5%

Travelers Companies stock opened at $362.47 on Thursday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The business’s fifty day moving average is $349.88 and its 200 day moving average is $317.23. The stock has a market capitalization of $75.60 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 3.50 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 in the last three months. 1.39% of the stock is currently 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.