Johnson Investment Counsel Inc. Has $2.06 Million Stake in The Travelers Companies, Inc. $TRV

Johnson Investment Counsel Inc. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 47.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,391 shares of the insurance provider’s stock after acquiring an additional 2,368 shares during the period. Johnson Investment Counsel Inc.’s holdings in Travelers Companies were worth $2,064,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. raised its position in shares of Travelers Companies by 1,820.0% in the second 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 bought a new stake in shares of Travelers Companies during the 2nd quarter worth $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Quaker Wealth Management LLC raised its holdings in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 208 shares during the period. Finally, Clayton Financial Group LLC bought a new position in Travelers Companies in the 3rd quarter worth $28,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $298.98 on Thursday. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $304.40. The company has a market capitalization of $66.69 billion, a P/E ratio of 10.86, a P/E/G ratio of 2.79 and a beta of 0.51. The stock has a 50 day moving average of $285.37 and a two-hundred day moving average 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.

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

Travelers Companies Dividend Announcement

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

Travelers Companies declared that its board has approved a stock buyback program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Argus raised Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Wells Fargo & Company decreased their target price on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Piper Sandler raised their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Mizuho cut their price target on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $303.00.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 55,733 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total value of $16,424,515.10. Following the completion of the transaction, the chief executive officer owned 260,329 shares of the company’s stock, valued at $76,718,956.30. This represents a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maria Olivo sold 10,400 shares of Travelers Companies stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the sale, the executive vice president directly owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 101,765 shares of company stock valued at $29,877,543 over the last quarter. 1.46% of the stock is currently owned by insiders.

Travelers Companies 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.