Johnson Financial Group Inc. Buys New Position in The Travelers Companies, Inc. $TRV

Johnson Financial Group Inc. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel reports. The institutional investor purchased 7,589 shares of the insurance provider’s stock, valued at approximately $1,673,000.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in Travelers Companies during the second quarter worth $6,915,909,000. Norges Bank bought a new stake in Travelers Companies in the 4th quarter valued at $723,339,000. Bank of New York Mellon Corp acquired a new stake in Travelers Companies in the 2nd quarter worth $469,505,000. Deutsche Bank AG acquired a new stake in Travelers Companies in the 2nd quarter worth $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Travelers Companies during the 2nd quarter worth about $205,539,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock opened at $362.47 on Thursday. 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 fifty day moving average price of $349.88 and a two-hundred day moving average price of $317.23. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The firm has a market capitalization of $75.60 billion, a P/E ratio of 9.71, a P/E/G ratio of 3.50 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last issued its earnings results 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 company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the company earned $6.51 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS 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 issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This trade represents a 63.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction on Wednesday, July 22nd. The shares were 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 owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Finally, HSBC upped their target price on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $354.26.

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.