Jones Financial Companies Lllp Buys New Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Jones Financial Companies acquired 89,664 shares of Travelers Companies during the second quarter, valued at approximately $19.77 million. Institutional investors collectively own 82.45% of TRV.
• Travelers reported strong quarterly results, with earnings of $10.04 per share versus the $5.41 consensus estimate and revenue of $12.15 billion. The company also declared a quarterly dividend of $1.25 per share, yielding about 1.3% annually.
• Insiders sold 52,667 shares worth approximately $19.6 million over the past 90 days. Analysts maintain a consensus “Hold” rating, with an average price target of $354.26 compared with the stock’s reported price of $370.65.

Jones Financial Companies Lllp acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 89,664 shares of the insurance provider's stock, valued at approximately $19,770,000.

Several other large investors have also made changes to their positions in TRV. Berman McAleer LLC grew its position in Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock worth $295,000 after acquiring an additional 30 shares during the last quarter. Willner & Heller LLC grew its stake in shares of Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock worth $398,000 after purchasing an additional 32 shares during the period. Spinnaker Trust boosted its holdings in Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock worth $565,000 after buying an additional 33 shares during the last quarter. Cim LLC grew its position in shares of Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider's stock worth $2,363,000 after buying an additional 34 shares during the period. Finally, Avalon Trust Co increased its stake in shares of Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock valued at $2,562,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the business's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction 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. This represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 52,667 shares of company stock valued at $19,611,829. 1.39% of the stock is owned by company insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $370.65 on Tuesday. The business has a fifty day moving average price of $353.55 and a two-hundred day moving average price of $318.93. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $77.31 billion, a PE ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating 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 business earned $6.51 earnings per share. The company's revenue was up .3% on a year-over-year basis. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is presently 13.39%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRV. Evercore set a $329.00 price target on Travelers Companies and gave the stock an "in-line" rating in a report on Friday, July 10th. Bank of America lifted their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an "underperform" rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Travelers Companies in a research report on Tuesday, July 21st. BMO Capital Markets lowered shares of Travelers Companies from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Finally, TD Cowen lowered Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price target on the stock. in a report on Monday, July 13th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $354.26.

Travelers Companies 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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