Jones Financial Companies Lllp Makes New Investment in The Travelers Companies, Inc. $TRV

Jones Financial Companies Lllp bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel reports. The fund bought 89,664 shares of the insurance provider’s stock, valued at approximately $19,770,000.

Other hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies in the first quarter worth about $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies during the 2nd quarter valued at about $26,000. Kilter Group LLC bought a new position in Travelers Companies during the 2nd quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies in the 4th quarter worth approximately $26,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $370.65 on Tuesday. 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 50 day simple moving average of $353.55 and a two-hundred day simple moving average of $318.93. The company has a market capitalization of $77.31 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the previous year, the firm posted $6.51 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 33.82 EPS 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. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. 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 dividend payout ratio is currently 13.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TRV shares. Raymond James Financial set a $430.00 target price on Travelers Companies in a report on Monday, July 20th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Piper Sandler lifted their target price on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley increased their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $354.26.

Insider Activity

In related news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction dated 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 52,667 shares of company stock valued at $19,611,829. 1.39% of the stock is currently owned by insiders.

About Travelers Companies

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.