Johnson Financial Group Inc. Sells 1,452 Shares of Travelers Companies Inc (TRV)
Johnson Financial Group Inc. trimmed its holdings in Travelers Companies Inc (NYSE:TRV) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,751 shares of the insurance provider’s stock after selling 1,452 shares during the period. Johnson Financial Group Inc.’s holdings in Travelers Companies were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in TRV. Squar Milner Financial Services LLC bought a new position in shares of Travelers Companies in the second quarter valued at $100,000. Landaas & Co. WI ADV purchased a new stake in shares of Travelers Companies in the second quarter valued at about $108,000. Acadian Asset Management LLC purchased a new stake in shares of Travelers Companies in the second quarter valued at about $112,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Travelers Companies in the second quarter valued at about $129,000. Finally, ELM Advisors LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at about $130,000. 78.50% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. MKM Partners lowered their target price on shares of Travelers Companies to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 24th. B. Riley increased their target price on shares of Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Citigroup increased their target price on shares of Travelers Companies from $144.00 to $149.00 and gave the company a “buy” rating in a report on Monday, July 30th. Finally, TheStreet upgraded shares of Travelers Companies from a “c+” rating to a “b” rating in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Travelers Companies has an average rating of “Hold” and a consensus price target of $136.36.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.28. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Travelers Companies Inc will post 9.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a yield of 2.40%. Travelers Companies’s dividend payout ratio (DPR) is presently 42.31%.
In other news, EVP Andy F. Bessette sold 1,666 shares of Travelers Companies stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total value of $210,199.22. Following the completion of the transaction, the executive vice president now owns 8,457 shares in the company, valued at $1,067,019.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by company insiders.
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Travelers Companies Company Profile
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.
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