Jump Financial LLC Buys New Position in The Travelers Companies, Inc. $TRV

Key Points

• Jump Financial LLC has acquired 1,957 shares of The Travelers Companies, Inc., valued at approximately $518,000, marking a new investment during the first quarter.
• Travelers Companies reported a strong quarterly earnings performance with an EPS of $6.51, significantly exceeding the consensus estimate of $3.52.
• The company declared a quarterly dividend of $1.10, with an ex-dividend date of September 10th, resulting in an annualized payout of $4.40 and a yield of 1.6%.

Jump Financial LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,957 shares of the insurance provider's stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. Brighton Jones LLC lifted its stake in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $276,000. Freestone Grove Partners LP acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $417,000. Aptus Capital Advisors LLC grew its holdings in Travelers Companies by 15.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 4,820 shares of the insurance provider's stock valued at $1,161,000 after buying an additional 632 shares during the last quarter. Finally, Alteri Wealth LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $224,000. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target on the stock. Finally, Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $280.00 to $274.00 in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Trading Up 1.0%

TRV traded up $2.65 during midday trading on Wednesday, reaching $276.00. 1,115,625 shares of the company were exchanged, compared to its average volume of 1,117,857. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $279.04. The stock has a market capitalization of $62.14 billion, a P/E ratio of 12.21, a PEG ratio of 3.12 and a beta of 0.53. The stock's 50-day simple moving average is $264.37 and its 200 day simple moving average is $261.77.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the business earned $2.51 earnings per share. The company's revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 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 Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

About Travelers Companies

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.