Edmond DE Rothschild Holding S.A. Acquires New Holdings in The Travelers Companies, Inc. $TRV

Edmond DE Rothschild Holding S.A. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,418 shares of the insurance provider’s stock, valued at approximately $1,128,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HHM Wealth Advisors LLC lifted its stake in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies in the 1st quarter valued at $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies during the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies during the 4th quarter valued at about $26,000. Finally, Osterweis Capital Management Inc. boosted its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRV shares. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. HSBC lifted their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research note on Tuesday, May 26th. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a report on Monday, July 20th. Finally, BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. 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. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock valued at $22,688,329 over the last quarter. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV opened at $364.79 on Friday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The firm’s fifty day simple moving average is $351.09 and its 200-day simple moving average is $317.80. The firm has a market capitalization of $76.09 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last issued its 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 net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm posted $6.51 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

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.