The Travelers Companies, Inc. $TRV Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 47.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,391 shares of the insurance provider’s stock after acquiring an additional 2,368 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Travelers Companies were worth $2,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Osterweis Capital Management Inc. boosted its position in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Travelers Companies during the second quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC boosted its holdings in shares of Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares during the period. Finally, Clayton Financial Group LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $28,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $35,366,997. The trade was a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,765 shares of company stock worth $29,877,543 in the last ninety days. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 7th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Morgan Stanley raised their price objective on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Finally, Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $303.00.

Travelers Companies Price Performance

TRV opened at $298.98 on Thursday. The stock has a fifty day moving average price of $285.37 and a 200 day moving average price of $278.62. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $304.40. The stock has a market cap of $66.69 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 2.79 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping the consensus estimate of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. During the same period in the prior year, the firm posted $9.15 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, January 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio is currently 15.98%.

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.