Johnson Financial Group Inc. Purchases New Shares in The Travelers Companies, Inc. $TRV

Key Points

• Johnson Financial Group acquired 7,589 shares of Travelers Companies in the second quarter, valued at approximately $1.67 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 analyst consensus, 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. Meanwhile, insiders sold 62,667 shares worth approximately $22.7 million over the past 90 days.

Johnson Financial Group Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,589 shares of the insurance provider's stock, valued at approximately $1,673,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Travelers Companies by 0.5% in 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. acquired a new stake in Travelers Companies during the 2nd quarter valued at $6,915,909,000. State Street Corp raised its stake in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider's stock valued at $4,641,093,000 after purchasing an additional 486,861 shares during the period. Morgan Stanley lifted its holdings in shares of Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider's stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Travelers Companies by 3.7% in the first 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 period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Citigroup reissued a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Cantor Fitzgerald increased their price objective on Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $354.26.

Insider Activity

In other news, EVP Michael Frederick Klein sold 6,000 shares of the business's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV opened at $362.47 on Thursday. The firm has a market cap of $75.60 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 3.50 and a beta of 0.45. The company's fifty day moving average is $349.88 and its 200-day moving average is $317.23. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

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

Travelers Companies Announces Dividend

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

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.

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