JSF Financial LLC Takes Position in The Travelers Companies, Inc. $TRV

JSF Financial LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,904 shares of the insurance provider’s stock, valued at approximately $1,090,000.

A number of other institutional investors have also added to or reduced their stakes in TRV. Valeo Financial Advisors LLC lifted its stake in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after purchasing an additional 3,611,758 shares during the last quarter. Norges Bank purchased a new position in shares of Travelers Companies during the 2nd quarter valued at about $815,013,000. JPMorgan Chase & Co. raised its holdings in shares of Travelers Companies by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after buying an additional 751,715 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in Travelers Companies in the 3rd quarter worth approximately $125,597,000. Finally, Rakuten Investment Management Inc. purchased a new stake in Travelers Companies in the third quarter worth approximately $112,051,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.2%

NYSE TRV opened at $281.90 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The stock has a market capitalization of $62.88 billion, a PE ratio of 10.24, a PEG ratio of 1.55 and a beta of 0.52. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $296.85. The business’s 50-day moving average is $284.95 and its 200 day moving average is $276.34.

Travelers Companies (NYSE:TRV) last released its quarterly 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.15 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is 15.98%.

Travelers Companies announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

TRV has been the topic of several research reports. Weiss Ratings downgraded shares of Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. Barclays reduced their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Evercore ISI upped their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald lifted their price objective on Travelers Companies from $308.00 to $316.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $302.80.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the transaction, the insider owned 255,086 shares in the company, valued at $73,337,225. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. The trade was a 73.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,435 shares of company stock valued at $15,366,736 in the last 90 days. 1.46% of the stock is owned by company 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.