5,876 Shares in The Travelers Companies, Inc. $TRV Purchased by Johnson Financial Group Inc.

Key Points

• Johnson Financial Group acquired 5,876 shares of Travelers Companies valued at approximately $1.94 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, far exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield; insiders sold 62,667 shares worth roughly $22.7 million during the quarter.

Johnson Financial Group Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,876 shares of the insurance provider's stock, valued at approximately $1,940,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. bought a new position in Travelers Companies in the 2nd quarter worth approximately $26,000. HHM Wealth Advisors LLC raised its holdings in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies during the first quarter worth $26,000. Finally, Osterweis Capital Management Inc. lifted its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. Mizuho increased their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Weiss Ratings reiterated a "buy (a-)" rating on shares of Travelers Companies in a research report on Wednesday, August 5th. Morgan Stanley lifted their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Raymond James Financial set a $430.00 price target on Travelers Companies in a report on Monday, July 20th. Finally, Bank of America boosted their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and a consensus target price of $354.26.

Travelers Companies Price Performance

TRV opened at $362.47 on Thursday. The stock has a 50-day moving average price of $349.88 and a 200-day moving average price of $317.23. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $75.60 billion, a P/E ratio of 9.71, a PEG ratio of 3.50 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm posted $6.51 earnings per share. The firm's revenue for the quarter was up .3% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company's stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the transaction, the executive vice president directly owned 5,298 shares of the company's stock, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company's stock.

About Travelers Companies

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.

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